Question: When estimating the potential output you calculate changes in the production function. A mathematical equation is used tocalculate output based on an economy's inputs, such

When estimating the potential output you calculate changes in the production function. A mathematical equation is used tocalculate output based on an economy's inputs, such as labor and capital. What is the production function and its connection to labor and capital? How are changes in this production function relevant to estimating potential output?

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