Author Question: The shape of the productivity curve reflects the A) effects of capital accumulation. B) effects ... (Read 48 times)

jasdeep_brar · **on:** Jun 29, 2018

The shape of the productivity curve reflects the

A) effects of capital accumulation.
B) effects of technological progress.
C) change in labor productivity as human capital increases.
D) law of diminishing marginal returns.
E) effects of population growth.

Question 2

Using the data in the above table, if potential GDP for this economy is 25 billion, then at the present moment real GDP is

A) less than potential GDP.
B) equal to potential GDP.
C) greater than potential GDP.
D) at the full-employment level of output.
E) not comparable to potential GDP.