Problem
The Solow model focuses on how resources affect output. In this chapter, we focused on capital.
a. Name the other two major categories of resources.
b. Draw an aggregate production function with a typical shape; label this function F.
c. Draw a second production function that indicates a technological advancement; label this new function F1.
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.