In the Cobb-Douglas Production Function

question 63

Multiple Choice

In the Cobb-Douglas production function
,if a = 1/4,then:

• A)capital's share of GDP is one-fourth.
• B)labor's share of GDP is three-fourths.
• C)capital's share of GDP is three-fourths.
• D)labor's share of income is one-fourth.
• E)Both a and b are correct.

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