In the Production Function Y = AF(K,N),total Factor Productivity Is

question 5

Multiple Choice

In the production function Y = AF(K,N) ,total factor productivity is

• A)Y/A.
• B)A)
• C)K/N.
• D)Y/N.

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Definitions:

Interest Rate

The amount charged, expressed as a percentage of principal, by a lender to a borrower for the use of assets over a specific period of time.

Gross Domestic Product

The monetary value of all finished goods and services made within a country during a specific period.

Interest Rate

The percentage charged on a loan or paid on savings over a certain period of time, reflecting the cost of borrowing or the return on savings.

Investment

An asset or item acquired with the goal of generating income or appreciation in value.