Given the Form of a Typical Production Function, Which of the Following

question 247

Multiple Choice

Given the form of a typical production function, which of the following would have the greatest impact on the output of a country?

• A) The amount of land increases by 13%.
• B) The amount of capital rises by 12%.
• C) The amount of labor rises by 12%.
• D) The entrepreneurial ability/technology increases by 12%.

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