From the Cobb-Douglas production function we learn that there are two sources that help explain cross-country differences in per capita income: ________ and ________.
A) capital;labor productivity
B) labor share of income;TFP
C) TFP;capital per person
D) labor per person;capital
E) none of the above
Correct Answer:
Verified
Q2: A ten percent increase in total factor
Q3: If country X has a higher capital
Q4: Given the production function Y = A
Q5: Which of the following is true about
Q6: Which of the following is true about
Q7: Capital per person k is higher in
Q8: The main cause of low per capita
Q9: Suppose than an economy has output Y
Q10: Suppose than an economy has output Y
Q11: What does the Cobb-Douglas production function assume
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