What are the factors that affect GDP according to the aggregate production function used by Solow?
What will be an ideal response?
The aggregate production function used by Solow expresses GDP as a function of three factors of production. These are:
a) physical capital.
b) total efficiency units of labor.
c) level of technology.
Economics
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Purchasing power parity means equal rates of return
Indicate whether the statement is true or false
Economics
How has the pattern of trade changed in the United States since 1960? What are the types of goods that are causing the shift in the balance of imports and exports in the United States?
What will be an ideal response?
Economics