When the sources of economic growth are stated as a production function, which factor is treated as a multiplier? A. Size of the labor force. B. Total factor productivity. C. Amount of capital available.
Economic output can be stated as a production function of the form Y = A × ƒ(L, K), where Y is economic output, L is the size of the labor force, K is the amount of capital available, and A is total factor productivity.
