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Business, 29.11.2020 18:50 evelynnn511

Suppose that the production function for the economy is Y = AK1/4L3/4. Assume that real GDP is $8,000 billion, capital stock is $32,000 billion, and the labor supply is 120 million (or 0.120 billion) workers. Total factor productivity for this economy is:.

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Suppose that the production function for the economy is Y = AK1/4L3/4. Assume that real GDP is $8,00...
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