Multiple Choice
GDP can be represented by the equation: GDP = F x (Fe/F) x (GDP/Fe) . This equation tells us that real aggregate output can be expressed as factor
A) price times the utilization rate times GDP per capita.
B) utilization times equilibrium factor price times factor productivity.
C) supply times the equilibrium factor price times GDP per capita.
D) supply times the factor- utilization rate times factor productivity.
E) supply times equilibrium factor price times factor productivity.
Correct Answer:
Verified
Correct Answer:
Verified
Q55: Consider the equation GDP = F ×
Q56: For the economy as a whole, changes
Q57: GDP can be represented by the equation:
Q58: Since 1985, Canada's potential GDP has been<br>A)volatile,
Q59: The study of the long run in
Q60: An economy's current GDP is $100 billion,
Q61: Long- run increases in real national income
Q62: Suppose there are 7000 people in the
Q63: When accounting for changes in real GDP,
Q64: On the basis of both theory and