0
   

macroeconomics discussion

 
 
Reply Thu 17 Jan, 2013 03:16 pm
A production function Y = F(A,K,L) shows how much output can be produced with a given amount of capital and labor. The production function can shift to affect overall national productivity. Example: changes in energy supplies or cost as is our present case.

Discussion: based on our present economic situation – “recession” – how will it negatively affect K? what impact would it have on our national production?



by the way Y=F(A,K,L) stands for:

F-"is a function of"

Y-Real GDP

A-Productivity

K- Capital Stock

L- Labor
  • Topic Stats
  • Top Replies
  • Link to this Topic
Type: Discussion • Score: 0 • Views: 549 • Replies: 0
No top replies

 
 

Related Topics

help please, economics discussion - Question by inairperez
 
  1. Forums
  2. » macroeconomics discussion
Copyright © 2022 MadLab, LLC :: Terms of Service :: Privacy Policy :: Page generated in 0.03 seconds on 05/26/2022 at 02:56:46