A country has an aggregate production function of the form: Y = A x K1/3 x H2/3
Which of the following is likely to happen if the capital stock and the efficiency units of labor available to the country increases by 10% over a span of 5 years while the state of technology used in the country remains the same?
A) Output will increase by 5%. B) Output will double.
C) Output will increase by 10%. D) Output will increase by 1%.
C
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A tax increase
A) decreases aggregate demand and the AD curve shifts leftward. B) increases aggregate demand and the AD curve shifts rightward. C) decreases the quantity of real GDP demanded and there is a movement up along the AD curve. D) increases the quantity of real GDP demanded and there is a movement down along the AD curve. E) does not shift or lead to a movement along the aggregate demand curve.
In order to manage risk of failure and protect guarantors, the Employee Retirement income Security Act (ERISA) established all of the following requirements on pension funds except for minimum
A) disclosure of information. B) reporting requirements. C) investment standards. D) risk-based capital requirements.