GDP=function(inputs, productivity)
GDP=function(capital, labour, technology, efficiency)
Gives us a production function with diminishing marginal returns
Capital =function(investment*)
where investment is determined by the savings level.
GDP=function(inputs, productivity)
GDP=function(capital, labour, technology, efficiency)
Gives us a production function with diminishing marginal returns
Capital =function(investment*)
where investment is determined by the savings level.