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Author Question: What does it mean when economists say that labor and capital are complementary inputs? What will ... (Read 126 times)

humphriesbr@me.com

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on: Jun 29, 2018
What does it mean when economists say that labor and capital are complementary inputs?
 
  What will be an ideal response?

Question 2

In the United States in 2013, the Bureau of Economic Analysis began counting spending by firms and individuals on developing entertainment products as investment. This change will
 
  A) add to GDP.
  B) only change GDP if the development occurs within the borders of the United States.
  C) take away from GDP.
  D) not change GDP.


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wilsonbho

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Reply #1 on: Jun 29, 2018
Answer to Question 1

Additional capital increases the productivity of labor. Likewise, capital is of very little use without labor to operate it.

Answer to Question 2

A


humphriesbr@me.com

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

blakcmamba

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Reply 3 on: Yesterday
Excellent

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