Explain the effect of the following on: (i) the Aggregate Production Function (make sure you both show graphically and explain why) (ii) GDP a.

Explain the effect of the following on:

(i) the Aggregate Production Function (make sure you both show graphically and explain why)

(ii) GDP

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a. A new off-shore oil deposit is discovered

what does a new off-shore oil deposit is discovered affect in this formula Y=A F (K,H) ?

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