Suppose the Aggregate Production Function Is Given by Y =

question 20

Multiple Choice

Suppose the aggregate production function is given by Y = N. Given this information, we know that labour productivity is represented by:

• A) N.
• B) N/Y.
• C) Y.
• D) 1.
• E) 1/N.

---

Definitions:

Pareto Chart

A bar graph where values are depicted in descending order of relative frequency, often used to highlight the most significant factors in a data set.

Stem-And-Leaf Plot

A graphical method of displaying quantitative data that splits each value into a "stem" (the leading digit or digits) and a "leaf" (the last digit).

Frequency Distribution

A summary of how often each value occurs in a data set, typically represented in a table or as a graph.

Dotplot

A graphical display of data using dots, where each dot represents one or more observations, allowing for the visualization of the distribution of the data set.