The next questions refer to the following.
Suppose the economy has TFP = 10, there are 400 hours worked, and 9 unit of capital and the Cobb-Douglas production function is
.
-If total factor productivity grows by 1% per year while capital and labor each grow by 2% per year,then output grows by
A) 1.5% per year
B) 3% per year
C) 5% per year
D) 1.67% per year
E) 4% per year
Correct Answer:
Verified
Q18: If an economy is growing at 5%
Q19: If everyone in the population were employed
Q20: The relationship between an economy's productive inputs
Q21: In the growth accounting framework,growth in output
Q22: Consider an economy with a Cobb-Douglas production
Q24: The amount of labor input used in
Q25: The capital-output ratio for most industrialized nations
A)
Q26: For an economy with a Cobb-Douglas production
Q27: The next questions refer to the following.
Suppose
Q28: Which of the following is an addition
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