Consider the equation GDP = F × (F_E/F)× (GDP/F_E). Which component describes the amount of output produced per unit of input employed? A)F B)F_E C)(GDP/F_E) D)(F_E/F) E)GDP

Question

Quizplus · Accepted Answer

The component (GDP/F_E) describes the amount of output (GDP) produced per unit of input employed (F_E), which is essentially the productivity of the input.

Consider the Equation GDP = F × (FE/F)× (GDP/FE)

Consider the Equation GDP = F × (F_E/F)× (GDP/F_E)