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The aggregate production function shown below graphs the relationship between output (Y, or real GDP) and capital inputs (K). The shape of the production function

The aggregate production function shown below graphs the relationship between output (Y, or real GDP) and capital inputs (K). The shape of the production function illustrates two important concepts related to economic growth. You will want to refer to the figure for the questions below.

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Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel

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