The Elasticity of Output with Respect to Capital

question 71

Multiple Choice

The elasticity of output with respect to capital

• A)is the increase in output resulting from an increase in the capital stock.
• B)is the percentage increase in output resulting from a one percent increase in the capital stock.
• C)is always greater than one.
• D)is the inverse of the elasticity of output with respect to labour.

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Definitions:

Confidence Interval

A range of values derived from sample statistics that is likely to contain the value of an unknown population parameter.

Confidence Interval

Various values, obtained from sample measures, that are likely to contain the essence of an unknown population parameter.

Confidence Interval

A selection of values, taken from data sampling, that is presumed to hold the value of a hidden population attribute.

Sample Size

The number of observations or data points collected or selected from a population for the purpose of statistical analysis.