- CFA Exams
- CFA Level I Exam
- Study Session 4. Economics (1)
- Reading 14. Aggregate Output, Prices, and Economic Growth
- Subject 7. Economic Growth and Sustainability
CFA Practice Question
What causes a proportional upward shift in the entire production function? An increase in ______.
A. capital-to-labor ratio
B. total factor productivity
C. marginal productivity of capital
Explanation: A higher output can be produced per worker for a given level of capital per worker.
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