Question

explain growth fixed investment by using graphical representation...??

don't copy from Google...​

Answer 1

Answer:

Explanation:

The Aggregate Production Function:

Aggregate production function describes the relationship of the size of an economy’s la­bour force and its capital stock with the level of that country’s GNP. If measures the value of output or national product, given the value of the aggregate capital stock and labour force.

Natural resources, such as land, are sometimes incorporated as a third factor, but most often are subsumed as part of the capital stock. The aggregate production function tells us about how capital and labour contribute to growth.Here we present a basic framework to explain the process of modern economic growth. The framework is based on five equations as presented here.