The Next Questions Refer to the Following

question 21

Multiple Choice

The next questions refer to the following.
Suppose the economy has TFP = 10, there are 400 hours worked, and 60 unit of capital and 210 units of land the Cobb-Douglas production function is:
Output = TFP x Hours^0.3 x Capital^0.3 x Land^0.2.
-Imagine that for this economy TFP=10 hours = 400,and land =210.If the rate of depreciation is 5% and investment is 20% of output,what is the steady state level of output?

• A) 500
• B) 1000
• C) 3000
• D) 7000
• E) 15000

---

Definitions:

Sex-Linked Traits

Characteristics determined by genes located on the sex chromosomes, often leading to traits that differ between males and females.

Offspring

The product of reproduction of a new organism produced by one or more parents.

Genes

Units of heredity made up of DNA that influence characteristics and are passed from parents to offspring.

Blood Types

Classifications of human blood based on the presence or absence of antibodies and inherited antigenic substances on the surface of red blood cells.