_________________—a term referring to the process whereby an economy as a whole turns economic inputs such as human capital, physical capital, and technology into output measured as GDP per capita.

a. production function
b. aggregate production function
c. innovation
d. technological change

b. aggregate production function

Economics

You might also like to view...

Of the following, the best example of oligopoly is

A) wheat farming. B) the restaurant industry. C) the cigarette industry. D) the clothing industry.

Economics

If the supply of loanable funds shifts right, then the equilibrium

a. levels of net capital outflow and domestic investment decrease. b. level of net capital outflow increases and the equilibrium level of domestic investment decreases. c. level of net capital outflow decreases and the equilibrium level of domestic investment increases. d. levels of net capital outflow and domestic investment increase.

Economics