Given That All Countries Have the Same Cobb-Douglas Production Function,i

question 10

Multiple Choice

Given that all countries have the same Cobb-Douglas production function,i.e.Y/N = (K/N) b,where b = 0.5,then a ten-fold difference in per capita income requires a difference in capital per capita by a factor of

• A)10.
• B)100.
• C)1000.
• D)10,000.

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