For a given population and a given quantity of labor employed, what will happen to aggregate production and income per capita if there is an increase in a nation’s capital stock?
For A Given Population And A Given Quantity Of Labor Employed, What Will Happen To Aggregate Production And Income Per Capita If There Is An Increase In A Nation’s Capital Stock?
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For A Given Population And A Given Quantity Of Labor Employed, What Will Happen To Aggregate Production And Income Per Capita If There Is An Increase In A Nation’s Capital Stock?. For a given population and a given quantity of labor employed, what will happen to aggregate production and income per capita if there is an increase in a nation's capital stock?. The quantities of inputs (such as labour, capital, and raw materials) utilized in the production process;
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The question addresses the relationship between a nation's capital stock and its effects on. Aggregate production will increase, and income per capita will increase. The correct answer is b.
The Correct Answer Is B.
Where y is output (real gdp), k is the quantity of physical capital (plant and equipment) used in production, l is the quantity of labor, and a is a measure of the productivity of the economy. The productivity of the inputs, i.e., the e ectiveness with which they are used. Aggregate production will increase, and income per capita will increase.
The Question Addresses The Relationship Between A Nation's Capital Stock And Its Effects On.
The quantities of inputs (such as labour, capital, and raw materials) utilized in the production process; For a given population and a given quantity of labor employed, what will happen to aggregate production and income per capita if there is an increase in a nation's capital stock?.