Multiple Choice
GDP can be represented by the equation: GDP = F x (Fe/F) x (GDP/Fe) . The term Fe represents
A) the factor- utilization rate.
B) factor productivity.
C) income per person.
D) output per capital.
E) the number of employed factors.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q22: Changes in factor supplies have little influence
Q23: For the economy as a whole, high
Q24: In the long run, many economists argue
Q25: GDP can be represented by the equation:
Q26: Which of the following statements describes a
Q28: A former Governor of the Bank of
Q29: A decrease in long- run real GDP
Q30: A former governor of the Bank of
Q31: Economists can estimate the value of potential
Q32: Consider the basic AD/AS model. In the