The Table Below Shows Various Values of Labour (L),capital (K),and

question 66

Multiple Choice

The table below shows various values of labour (L) ,capital (K) ,and technology (T) for Economies A,B,and C.In each case,the aggregate production function takes the following form:
Y = T × TABLE 25-4
-Refer to Table 25-4.Consider the changes shown for L,K,and T for Economy B,where output (Y) is the economy's real GDP.As total labour and capital inputs rise,this economy will show

• A)rising GDP but falling per capita GDP.
• B)rising GDP and rising per capita GDP.
• C)rising GDP but constant GDP per capita.
• D)GDP rising faster than capital.
• E)GDP rising more slowly than capital.

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Definitions:

Acquiring

The process of obtaining or gaining possession of something.

Cognitive-Behavioral Therapy

A psychotherapeutic approach that aims to solve problems concerning dysfunctional emotions, behaviors, and cognitions through a goal-oriented, systematic process.

Systematic Desensitization Therapy

Type of behavior therapy that attempts to reduce client anxiety through relaxation techniques and progressive exposure to feared stimuli.

Behavior Modification

A therapeutic approach focusing on changing maladaptive behaviors through reinforcement and other learning principles.