An Economy's Production Function Is Y = a

question 69

Multiple Choice

An economy's production function is Y = A

,and the economy's total output in equilibrium is $90 billion.Total capital income in this economy is ________.

• A)$27 billion
• B)$30 billion
• C)$21 billion
• D)$70 billion
• E)none of the above

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Definitions:

Passion

A strong, intense emotion or enthusiasm towards activities, ideas, or fields of interest, often driving motivation and commitment.

Work

The effort applied towards producing or accomplishing tasks, either physical or mental, for a purpose such as earning income.

Leader

An individual who guides, directs, or influences others toward a common goal or vision, often exhibiting particular traits or styles of leadership.

Trustworthiness

The quality of being reliable, honest, and deserving of trust, which is fundamental in establishing confidence in relationships.