Question: 1. A production function relates how a. A countrys output is a function of inputs. b. A countrys inputs include capital, labor and materials. c.

1. A production function relates how

a. A countrys output is a function of inputs.

b. A countrys inputs include capital, labor and materials.

c. A countrys output can increase from innovation and entrepreneurship.

d. All of the above.

2. Which of the four below countries has the highest GDP Growth Rate, 2002-11?

a. US

b. Japan

c. India

d. Brazil

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