In the Cobb-Douglas Production Function

question 84

Multiple Choice

In the Cobb-Douglas production function
,if a = 1/3,then:

• A)labor's share of GDP is two-thirds.
• B)labor's share of GDP is one-third.
• C)capital's share of GDP is one-third.
• D)capital's share of income is one.
• E)Both a and c are correct.

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