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10) The slope of the per person production function [Y/N = Af(K/N)] is A) the marginal product of labor. B) the marginal product of capital. C) lower...
10) The slope of the per person production function [Y/N = Af(K/N)] isA) the marginal product of labor.B) the marginal product of capital.C) lower for a poor country than for a rich country.D) higher for a rich country than for a poor country.11) Assuming that there are NO income taxes, if both autonomous taxes, and government expenditures were to rise by $100 million, we would expect equilibrium GDP toA) rise by $100 million.B) rise, but by a multiple of $100 million.C) rise by less than $100 million.D) remain unaffected because leakages have changed by the same amount.
