The Cobb-Douglas Production Function Represents Real GDP as a Function

question 55

Multiple Choice

The Cobb-Douglas production function represents real GDP as a function of all of the following variables except

• A) capital.
• B) labour.
• C) the price level.
• D) total factor productivity.

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Definitions:

Parameter Types

The data types of parameters accepted by functions or methods, determining what kind of arguments can be passed to them.

Argument

A value or reference passed to a function or method when it is called, used as an input to influence the operation or output.

Accessor Methods

Methods in object-oriented programming used to get the values of private fields of a class.

Instance Variable

An instance variable is a variable declared in a class for which each object of the class has its own value.