Suppose that the production function for the economy is Y = AK⁰.²⁵ᴸ⁰.⁷⁵,A = 2,?K = 100 000,and L = 60 000.What are the values of real GDP,the real wage,and the real rental cost of capital? Show this data using graphs of the aggregate production function,the aggregate capital market,and the aggregate labour market.

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The Answer of Suppose that the production function for the economy is Y = AK⁰.²⁵ᴸ⁰.⁷⁵,A = 2,?K = 100 000,and L = 60 000.What are the values of real GDP,the real wage,and the real rental cost of capital? Show this data using graphs of the aggregate production function,the aggregate capital market,and the aggregate labour market.

Suppose That the Production Function for the Economy Is Y