In the Production Function Real GDP = T (L,K,NR,H),the T

question 99

Multiple Choice

In the production function Real GDP = T (L,K,NR,H) ,the T represents the _____________ coefficient,the L represents ________________,the K represents _______________,the NR represents natural resources,and the H represents ________________.

• A) tax; labor; capital; humanity
• B) technology; labor; knowledge; humanity
• C) technology; labor; capital; human capital
• D) trade; labor; knowledge; human capital

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Definitions:

Balance Sheet

A financial statement that summarizes a company’s assets, liabilities, and shareholders' equity at a specific point in time.

Income Statement

A report showcasing a corporation's financial results for a particular accounting cycle, which includes information on income, costs, and earnings.

Average Collection Period

The average number of days it takes for a company to receive payment after a sale has been made, indicating the efficiency of credit and collections policies.

Balance Sheet

A financial statement that displays a company’s assets, liabilities, and shareholders' equity at a specific point in time.