Table 23-4 The Table Below Contains Data for the Country of Dachsland,which

question 33

Multiple Choice

Table 23-4
The table below contains data for the country of Dachsland,which produces only pretzels and books.The base year is 2005.

-Refer to Table 23-4.Dachsland's output grew

• A) 29.9% from 2005 to 2006.
• B) 33.3% from 2006 to 2007.
• C) 24.3% from 2006 to 2007.
• D) 15.4% from 2007 to 2008.

---

Definitions:

Key Assumptions

Fundamental beliefs or principles that are accepted as true without proof, used as the basis for reasoning, discussion, or calculation.

Production Function

An equation that describes the relationship between inputs (like labor and capital) and the maximum output that can be produced with those inputs.

Returns to Scale

Describes how a firm's output changes as inputs are increased proportionately.

Decreasing

A process or trend of becoming smaller or less in amount, size, degree, or value.