Assume That the Production Function for an Economy Is Represented

question 48

Multiple Choice

Assume that the production function for an economy is represented by Y = AN. Which of the following expressions is equal to labour productivity for this economy?

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

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Definitions:

Temperate Rain Forests

Ecosystems located in temperate regions characterized by high rainfall, dense forests, and a diverse range of plant and animal species.

Tropical Rain Forests

Densely wooded areas located in the tropics, known for their high rainfall, biodiversity, and distinct ecosystem.

Cool

Often refers to a temperature perception that is moderately cold or somewhat below room temperature, but can also describe something trendy or fashionable.

Dry Air

Air that contains little or no moisture, often characterized by low humidity.