Consider the Following Production Function Y = A×K^a×L^1?a

question 14

Multiple Choice

Consider the following production function Y = A×K^a×L^1?a.
If a = 0.4, and over the past year output grew 4 percent, total factor productivity (TFP) grew 2.6 percent, and labor grew 1 percent, what was the growth rate of capital?

• A)4 percent
• B)3 percent
• C)2 percent
• D)1 percent

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Definitions:

Central Route

In the context of persuasion, this refers to a pathway where individuals are influenced by the content and quality of the message, leading to lasting attitude change.

Peripheral Route

A method of persuasion that involves passive agreement without active thinking, typically influenced by external cues such as the speaker's attractiveness or credibility.

Fact-Based

Relating to information that is supported by factual evidence.

Obedience

The act of following directions or commands from those in authority, or the behavior of complying with or yielding to a request or instruction.