The table below represents Freedonia's macroeconomic data for 2002 and 2003. $$\begin{array} { c c c c } \text { Year } & \text { Y } & \mathrm { K } & \mathrm { N } \ \hline 2002 & 2000 & 1700 & 70 \ 2003 & 2100 & 1785 & 75 \ \hline \end{array}$$ Suppose that the production function is given by Y = AK^0.25N^0.75. Between 2002 and 2003, total factor productivity of Freedonia's economy increased by A) -1.5%. B) 5.0%. C) 5.5%. D) 12.7%.

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The Answer of The table below represents Freedonia's macroeconomic data for 2002 and 2003. $$\begin{array} { c c c c } \text { Year } & \text { Y } & \mathrm { K } & \mathrm { N } \ \hline 2002 & 2000 & 1700 & 70 \ 2003 & 2100 & 1785 & 75 \ \hline \end{array}$$ Suppose that the production function is given by Y = AK^0.25N^0.75. Between 2002 and 2003, total factor productivity of Freedonia's economy increased by A) -1.5%. B) 5.0%. C) 5.5%. D) 12.7%.

The Table Below Represents Freedonia's Macroeconomic Data for 2002 and 2003