Multiple Choice
GDP can be represented by the equation: GDP = F x (Fe/F) x (GDP/Fe) . This equation tells us that any change in real GDP can be decomposed into changes in
A) factor supply, productivity and factor- utilization rates.
B) factor supply, productivity and the investment rate by businesses.
C) factor price, productivity and the investment rate by businesses.
D) factor price, productivity and factor- utilization rates.
E) factor supply, productivity and per capita consumption by households.
Correct Answer:
Verified
Correct Answer:
Verified
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