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    Macroeconomics Study Set 47
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    Exam 13: Technological Progress: the Short, the Medium and the Long Run
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    Assume That the Production Function for an Economy Is Represented
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Assume That the Production Function for an Economy Is Represented

Question 48

Question 48

Multiple Choice

Assume that the production function for an economy is represented by Y = AN. Which of the following expressions is equal to labour productivity for this economy?


A) A/N.
B) AN.
C) 1/A.
D) A.
E) Y/A.

Correct Answer:

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