Suppose that Freedonia has GDP equal to 2000 million,the capital stock is 1700 million,and the number of employees equals 70 million.The production function is Y = AK0.25N0.75.Total factor productivity of the economy is approximately equal to
A) 0.09.
B) 2.61.
C) 4.19.
D) 12.87.
Correct Answer:
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