Consider the Following Production Function $Y = A \times K ^ { a } \times L ^ { 1 - a }$

question 76

Multiple Choice

Consider the following production function $Y = A \times K ^ { a } \times L ^ { 1 - a }$ ?. If a = 0.5, over the past year output grew by 2 percent, total factor productivity grew 1 percent , and labor grew by 1 percent, capital grew by

• A)1 percent.
• B)0.5 percent
• C)2 percent.
• D)2.5 percent.

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