Multiple Choice
The table below represents Freedonia's macroeconomic data for 2002 and 2003.
Suppose that the production function is given by Y = AK?.²? ??.??.Between 2002 and 2003,total factor productivity of Freedonia's economy increased by
A) -1.5%.
B) 5.0%.
C) 5.5%.
D) 12.7%.
Correct Answer:

Verified
Correct Answer:
Verified
Q98: An increase in the real wage would
Q99: Firms hire labour at the point where<br>A)the
Q100: The fact that the production function relating
Q101: For the economy of Lower Volta,the MPN
Q102: Which of the following statements is true?<br>A)Changes
Q104: An increase in labour participation rate will
Q105: Take an economy where in 2001 real
Q106: A favourable supply shock would<br>A)shift the production
Q107: Parliament has just passed a law allowing
Q108: The city of Hope has a labour