The economy's production function relates __________ to output.
A) real GDP
B) the inflation rate
C) the unemployment rate
D) the factors of production

Question

Quizplus · Accepted Answer

The production function relates the factors of production (e.g. labor, capital, and technology) to the level of output produced in the economy. Real GDP, the inflation rate, and the unemployment rate are not directly related to the production function.

The Economy's Production Function Relates __________ to Output