In the Production Function Y = AF(K,N),A Is

question 84

Multiple Choice

In the production function Y = AF(K,N) ,A is

• A)labour productivity.
• B)total factor productivity.
• C)capital productivity.
• D)the marginal productivity of capital.

---

Definitions:

Federal Government

A system of government where powers and responsibilities are divided between a national government and smaller regional governments.

U.S. Trade Balance

The difference between the monetary value of exports and imports of the United States over a specific time period.

Recessions

A significant decline in economic activity across the economy, lasting more than a few months.

Deficit

The amount by which government spending exceeds its revenue over a specified period, leading to borrowing or budget shortfalls.