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The aggregate production function does not depend on:

A. The quantity of physical capital per worker
B. The state of technology
C. The amount of natural resources available
D. Human capital per worker

Answer :

The aggregate production function is a fundamental concept in economics that describes the relationship between the inputs used in the production process and the output produced by a country or an economy. Therefore option C is correct option i.e., the amount of natural resources available.

According to the Solow-Swan model, which is one of the most widely used models to describe the aggregate production function, the output per worker in an economy depends on three factors: physical capital, labor, and technology.

Natural resources, such as land, water, minerals, and energy sources, are essential inputs in many production processes. For example, oil and gas are used as inputs in transportation and manufacturing, while agricultural land and water are used in food production. The availability and quality of natural resources in an economy can affect its output and competitiveness.

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