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QUESTION
Explain the effect of the following on: (i) the Aggregate Production Function (make sure you both show graphically and explain why) (ii) GDP a.
Explain the effect of the following on:
(i) the Aggregate Production Function (make sure you both show graphically and explain why)
(ii) GDP
a. A new off-shore oil deposit is discovered
what does a new off-shore oil deposit is discovered affect in this formula Y=A F (K,H) ?
