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Suppose Than an Economy Has Output Y = a

Question 53

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Suppose than an economy has output Y = A Suppose than an economy has output Y = A ,that Y equals $12 trillion,capital K is $27 trillion,and labor L is 64 million workers.Given this information,what is the closest approximation of total factor productivity A? A) less than 0.01 B) around 0.25 C) roughly 0.33 D) close to 0.4 E) exactly 144 Suppose than an economy has output Y = A ,that Y equals $12 trillion,capital K is $27 trillion,and labor L is 64 million workers.Given this information,what is the closest approximation of total factor productivity A? A) less than 0.01 B) around 0.25 C) roughly 0.33 D) close to 0.4 E) exactly 144 ,that Y equals $12 trillion,capital K is $27 trillion,and labor L is 64 million workers.Given this information,what is the closest approximation of total factor productivity A?


A) less than 0.01
B) around 0.25
C) roughly 0.33
D) close to 0.4
E) exactly 144

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