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The ________ function is the mathematical representation of the technological relationship between national output and inputs.   Group of answer choices aggregate production net export saving consumption

The ________ function is the mathematical representation of the technological relationship between national output and inputs.   Group of answer choices aggregate production net export saving consumption

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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The ________ function is the mathematical representation of the technological relationship between national output and inputs.

 

Group of answer choices
aggregate production
net export
saving
consumption
 
Expert Solution
Step 1

Net export is the difference between Export and import. 

Saving is the remaining amount from the disposable income which is not spent into consumption. 

Consumption is the amount of disposable income spent on consumption of good. 

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