Suppose than an economy has output Y = A ,that Y equals $12 trillion,capital K is $27 trillion,and labor L is 64 million workers.Given this information,what is the closest approximation of total factor productivity A?
A)less than 0.01
B)around 0.25
C)roughly 0.33
D)close to 0.4
E)exactly 144

Question

Suppose than an economy has output Y = A   ,that Y equals $12 trillion,capital K is $27 trillion,and labor L is 64 million workers.Given this information,what is the closest approximation of total factor productivity A?
A)less than 0.01 
B)around 0.25 
C)roughly 0.33 
D)close to 0.4 
E)exactly 144

Quizplus · Accepted Answer

The Answer of Suppose than an economy has output Y = A   ,that Y equals $12 trillion,capital K is $27 trillion,and labor L is 64 million workers.Given this information,what is the closest approximation of total factor productivity A?
A)less than 0.01 
B)around 0.25 
C)roughly 0.33 
D)close to 0.4 
E)exactly 144

Suppose Than an Economy Has Output Y = a