Problem
1. What relationship does the aggregate production function portray? Which of the production function's variables are endogenous and which are exogenous?
2. How does total factor productivity differ from labor productivity?
3. Explain each symbol or term in the CobbDouglas production function. Which element in the production function cannot be measured directly? How is it measured?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.