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 two-thirds.
D) capital's share of income is one.
E) labor's share of income is three.

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 two-thirds. 
D) capital's share of income is one. 
E) labor's share of income is three.

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 two-thirds. 
D) capital's share of income is one. 
E) labor's share of income is three.

In the Cobb-Douglas Production Function , If a =