Multiple Choice
An economy's production function is Y = AK0.3L0.7, and the economy's total output in equilibrium is $90 billion. Total capital income in this economy is ________.
A) $27 billion
B) $30 billion
C) $21 billion
D) $70 billion
E) none of the above
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q1: The marginal product of capital indicates _.Therefore
Q14: The classical framework is based on what
Q17: When a particular firm is fully utilizing
Q18: Which of the following is true about
Q18: Given the production function Y = AK0.3L0.7,
Q19: Suppose than an economy has output Y
Q20: Suppose than an economy has output Y
Q47: A decrease in the growth rate of
Q53: The output an economy can produce with
Q70: Which of the following constitutes an input