Suppose the aggregate production function is represented by the following: Y = AN. Given this information, labor productivity is given by
A) Y.
B) N/A.
C) A/N.
D) A.
E) none of the above
D
Economics
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Some stores give “free” products to consumer. An economist would say the products are not free. Why the difference?
Please provide the best answer for the statement.
Economics
Gross domestic product (GDP) equals the ________ of final ________ produced within a country during a given period of time.
A. market value; goods and services B. quantity; goods and services C. market value; goods D. market value; services
Economics