Suppose Than an Economy Has Output Y = a

question 67

Multiple Choice

Suppose than an economy has output Y = A

,that Y equals $42 trillion,capital K is $64 trillion,and labor L is 125 million workers.Given this information,what is the closest approximation of total factor productivity A?

• A)less than 0.01
• B)around 0.25
• C)roughly 0.33
• D)close to 0.4
• E)exactly 144

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