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Other Inputs in the Aggregate Production Function

15 January, 2016 - 09:24

LEARNING OBJECTIVES

After you have read this section, you should be able to answer the following questions:

How does the amount of human capital in a country change over time?

How is knowledge created?

How do property rights influence the aggregate production function?

We have less to say about the other inputs into the aggregate production function, so we group them together.