Multiple Choice
Suppose that the production function for the economy is Y = AK⁰.⁵ᴸ⁰.⁵.If the capital stock = 40 000,the quantity of labour = 10 000,and the efficiency index = 3,real GDP is
A) $60 000.
B) $75 000.
C) $150 000.
D) $300 000.
Correct Answer:
Verified
Correct Answer:
Verified
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