According to the Solow model, output is a function of the quantity of
A) labor.
B) capital.
C) ideas.
D) Labor, capital, and ideas all contribute to the production of output.

Question

Quizplus · Accepted Answer

The Solow model states that output is a function of labor, capital, and ideas. Therefore, option D is the best choice as all three factors contribute to the production of output.

According to the Solow Model, Output Is a Function of the Quantity