In the Cobb-Douglas Production Function $Y = K ^ { 1 / 3 } L ^ { 2 / 3 }$

Multiple Choice

In the Cobb-Douglas production function $Y = K ^ { 1 / 3 } L ^ { 2 / 3 }$ , labor's share of GDP is:

A) two-thirds, regardless of how much labor there is
B) two-thirds but can change as more laborers are added
C) one-third, regardless of how much labor there is
D) always equal to one
E) Not enough information is given.