The Aggregate Production Function Shows That an Economy Increases Its

question 174

Multiple Choice

The aggregate production function shows that an economy increases its real GDP in the short run by

• A) developing new technologies.
• B) increasing its physical capital stock.
• C) using more labor.
• D) exploring for new deposits of natural resources.

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Definitions:

Cone-Shaped

Descriptive of an object or figure with a circular base tapering uniformly to a point or apex.

Angiosperms

A large group of plants that are characterized by having flowers and producing seeds enclosed within a fruit; they are also known as flowering plants.

Fruits

The mature ovary of a flowering plant, usually containing seeds.

Plant Evolution

The scientific study of how plant species have changed over time through processes such as natural selection and genetic drift.