An Economy's Production Function Has the Constant­returns­to­scale Property

question 79

Multiple Choice

An economy's production function has the constant­returns­to­scale property. If the economy's labor force doubled
And all other inputs stayed the same, then real GDP would

• A) stay the same.
• B) increase by exactly 50 percent.
• C) increase by exactly 100 percent.
• D) increase, but not necessarily by either 50 percent or 100 percent.

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