From the list below select the components or inputs associat

From the list below, select the components or inputs associated with the production function where GDP is the output. There is more than one possible answer Aggregate Demand Aggregate Supply Human Capital Capital Deepening Technological knowledge

Solution

Production function relates the inputs the firm is using with the output it produces. Only human capital and technical knowledge are the inputs here. Aggregate demand and aggregate supply are functions and capital deepening is a process. Other factor that are missing here are capital and labor

Select Human capital and technical knowledge.