An economy's production function is Y = AK0.3L0.7, and the economy's total output in equilibrium is $700 billion. Total labor income in this economy is ________.
A) $300 billion
B) $233.3 billion
C) $210 billion
D) $400 billion
E) none of the above

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The Answer of An economy's production function is Y = AK0.3L0.7, and the economy's total output in equilibrium is $700 billion. Total labor income in this economy is ________.
A) $300 billion
B) $233.3 billion
C) $210 billion
D) $400 billion
E) none of the above

An Economy's Production Function Is Y = AK0