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In the Cobb-Douglas Production Function , Labor's Share of GDP

Question 117

Multiple Choice

In the Cobb-Douglas production function In the Cobb-Douglas production function , 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. , 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.

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