To derive the marginal physical product of capital,
a. all other resources must be held fixed
b. capital must be held fixed
c. all resources, including capital, must be held fixed
d. all resources are variable
e. output must be held fixed
A
Economics
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The formula for the computation of labor productivity is
A. real GDP/number of workers. B. nominal GDP/number of workers. C. real GDP/population. D. nominal GDP/population.
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The value of the balanced-budget multiplier is
A. 1. B. greater than 1. C. greater than 0 but less than 1. D. 0.
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