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Per Person Production Function Assignment | Homework For You

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December 13th, 2019

10) The slope of the per person production function [Y/N = Af(K/N)] is

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A) the marginal product of labor.

B) the marginal product of capital.

C) lower for a poor country than for a rich country.

D) higher for a rich country than for a poor country.

Homework For You

11) Assuming that there are NO income taxes, if both autonomous taxes, and government expenditures were to rise by $100 million, we would expect equilibrium GDP to

A) rise by $100 million.

B) rise, but by a multiple of $100 million.

C) rise by less than $100 million.

D) remain unaffected because leakages have changed by the same amount. Get Economics homework help today

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