Multiple Choice
Suppose that the production function for the economy is Y = AK⁰.²ᴸ⁰.⁸.If the capital stock = 40 000,the quantity of labour = 10 000,and the efficiency index = 1,real GDP is
A) $13 195.08.
B) $16 000.00.
C) $16 946.34.
D) $28 000.00.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q51: Which of the following equations best represents
Q52: Of the determinants of real GDP per
Q53: Suppose y = Ak¹/³,the capital-labour ratio is
Q54: The processes a firm uses to turn
Q55: The Cobb-Douglas production function represents real GDP
Q57: Which of the following would be the
Q58: All else equal,continued increases in the labour
Q59: Suppose that the production function is Y
Q60: An increase in foreign investment in Brazil's
Q61: Suppose that the production function for the