In the Cobb-Douglas Production Function $Y = K ^ { a } L ^ { 1 - a }$

question 65

Multiple Choice

In the Cobb-Douglas production function $Y = K ^ { a } L ^ { 1 - a }$ , if a = 1/4, then:

• A) capital's share of GDP is one-fourth
• B) labor's share of GDP is half
• C) capital's share of GDP is three-fourths
• D) labor's share of income is one-fourth
• E) capital's share of GDP is four

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