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An Economy's Production Function Is Y = a

Question 57

Multiple Choice

An economy's production function is Y = A An economy's production function is Y = A ,and the economy's total output in equilibrium is $700 billion.Total labor income in this economy is ________. A) $300 billion B) $233.3 billion C) $210 billion D) $400 billion E) none of the above An economy's production function is Y = A ,and the economy's total output in equilibrium is $700 billion.Total labor income in this economy is ________. A) $300 billion B) $233.3 billion C) $210 billion D) $400 billion E) none of the above ,and the economy's total output in equilibrium is $700 billion.Total labor income in this economy is ________.


A) $300 billion
B) $233.3 billion
C) $210 billion
D) $400 billion
E) none of the above

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