Identify the effect on GDP due to the following factors.FactorsEffect on GDPAn improvement in transportation facilities.A decreased investment in infrastructure.An increase in brain drain in a nation.Increase in GDPDecrease in GDPThe use of advanced technologyWhich of the following statements regarding the aggregate production function is true?O A. GDP increases at a decreasing rate for every unit increase in the efficiency units of laborB. GDP increases at an increasing rate for every unit increase in the physical capital stockC. GDP increases by a constant amount for every unit increase in the physical capital stock.O D. GDP decreases by a constant amount for every unit increase in the efficiency units of labor.O O

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Identify the effect on GDP due to the following factors. Factors Effect on GDP An improvement in transportation facilities. A decreased investment in infrastructure. An increase in brain drain in a nation. Increase in GDP Decrease in GDP The use of advanced technology

Identify the effect on GDP due to the following factors. Factors Effect on GDP An improvement in transportation facilities. A decreased investment in infrastructure. An increase in brain drain in a nation. Increase in GDP Decrease in GDP The use of advanced technology

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter5: Measuring A Nation's Income

Section: Chapter Questions

Problem 11PA

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