The Aggregate Production Function of Ritland Is Y = a ×

question 165

Multiple Choice

The aggregate production function of Ritland is Y = A × K⁰.³ × H⁰.⁷,where Y denotes total output,A denotes the level of technology,K denotes the physical capital stock,and H denotes the efficiency units of production.The total output produced in Ritland in a certain year was worth $135,000.The technology used in the country improved over the next 10 years,while the physical capital stock and the efficiency units of labor remained approximately the same.Which of the following is likely to be true in this case?

• A) The GDP of the country is likely to increase.
• B) The GDP of the country is likely to decrease.
• C) The Human Development Index of the country is likely to improve.
• D) The inflation rate in the country is likely to decrease.

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Definitions:

Reduction Division

Another term for meiosis I, where a parent cell divides once to produce two cells, each with half the original number of chromosomes.

Chromosomes

Chromosomes are long strands of DNA, wrapped around protein, that carry hereditary information for traits and characteristics.

Sister Chromatids

Identical copies of a chromosome, connected by a centromere, that are produced during DNA replication.

Anaphase II

A stage of meiosis II where the sister chromatids are separated and pulled towards opposite poles of the cell.