The Table Below Represents Freedonia's Macroeconomic Data for Year 1

question 37

Multiple Choice

The table below represents Freedonia's macroeconomic data for Year 1 and Year 2. Suppose that the production function is given by Y = AK^0.25N^0.75.Between Year 1 and Year 2,total factor productivity of Freedonia's economy increased by

• A)-1.5%.
• B)5.0%.
• C)5.5%.
• D)12.7%.

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