Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1.The inputs used to produce goods and services are also called a.productivity indicators. b.capitalization producers. c.production functions. d.factors of production. 2.Suppose that real GDP grew

1.The inputs used to produce goods and services are also called

a.productivity indicators.

b.capitalization producers.

c.production functions.

d.factors of production.

2.Suppose that real GDP grew more in Country A than in Country B last year.

a. Country A must have a higher standard of living than country B.

b. Country A's productivity must have grown faster than country B's.

c. Both of the above are correct.

d. None of the above is correct

Thanks for helping me

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Environmental Economics

Authors: Barry Field, Martha K Field

5th Edition

0073375764, 9780073375762

More Books

Students also viewed these Economics questions

Question

1. Too reflect on self-management

Answered: 1 week ago

Question

Food supply

Answered: 1 week ago