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

Question 1

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The table below represents Freedonia's macroeconomic data for 2002 and 2003.
The table below represents Freedonia's macroeconomic data for 2002 and 2003.    Suppose that the production function is given by Y = AK<sup>0.25</sup> N<sup>0.75</sup>. 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%.
Suppose that the production function is given by Y = AK0.25 N0.75. 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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