Question

An aggregate production function shows the relationship between Group of answer choices production and spending. workers as inputs and consumers as buyers. none of the other answers are correct. the quantity of inputs used in production and the quantity of output. gross domestic product and national income.

Answer 1

Considering the available options, the aggregate production function shows the relationship between "the quantity of inputs used in production and the quantity of output."

What is aggregate production function?

The aggregate production function is an economic term used to describe the relationships between the total output of an economy and the total quantity of resources utilized in the economy, including labor, raw materials, capital, and technology.

In other words, the aggregate production function shows the connection between "the quantity of inputs used in production and the quantity of output."

Hence, in this case, it is concluded that the correct answer is option D.

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