In the Cobb-Douglas production function
,if a = 1/3,then:
A)labor's share of GDP is two-thirds.
B)labor's share of GDP is one-third.
C)capital's share of GDP is one-third.
D)capital's share of income is one.
E)Both a and c are correct.

Question

In the Cobb-Douglas production function 
,if a = 1/3,then:
A)labor's share of GDP is two-thirds. 
B)labor's share of GDP is one-third. 
C)capital's share of GDP is one-third. 
D)capital's share of income is one. 
E)Both a and c are correct.

Quizplus · Accepted Answer

The Answer of In the Cobb-Douglas production function 
,if a = 1/3,then:
A)labor's share of GDP is two-thirds. 
B)labor's share of GDP is one-third. 
C)capital's share of GDP is one-third. 
D)capital's share of income is one. 
E)Both a and c are correct.

In the Cobb-Douglas Production Function