Solved

Suppose That Freedonia Has GDP Equal to 2000 Million,the Capital

Question 14

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 = A 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 = A Total factor productivity of the economy is approximately equal to A) 0) 09. B) 2) 61. C) 4) 19. D) 12.87. 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 = A Total factor productivity of the economy is approximately equal to A) 0) 09. B) 2) 61. C) 4) 19. D) 12.87. Total factor productivity of the economy is approximately equal to


A) 0) 09.
B) 2) 61.
C) 4) 19.
D) 12.87.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q8: How many people are employed if the

Q20: A winter ice storm has paralyzed the

Q39: An adverse oil-price shock reduces labor demand.What

Q41: Full-employment output is the level of output

Q44: In each of the following scenarios,state whether

Q52: The fact that the production function relating

Q54: Frictional unemployment arises when<br>A)unskilled or low-skilled workers

Q91: In April 2000,the United States had a

Q102: The income effect of a higher real

Q108: According to Okun's law,if output grew 1%