Multiple Choice
Suppose that Freedonia has GDP equal to 2000 million,the capital stock is 1700 million,and the number of employees equals 70 million.The production function is Y = AK0.25N0.75.Total factor productivity of the economy is approximately equal to
A) 0) 09.
B) 2) 61.
C) 4) 19.
D) 12.87.
Correct Answer:
Verified
Correct Answer:
Verified
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