Chapter16: Economic Growth
Section: Chapter Questions
Problem 14E
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![7. Among the following production functions, which one is consistent with the US stylized fact for labor and
capital shares:
a. Y =ĀK¹/312/3
b. Y = AX K + Bx L
c. Y = AX KxL/(K + L)
d. Y = K (1-e-(L/K))
e. None of the above.
8. According to the production model total factor productivity explains
GDP across countries.
a. 0
b. One third
C.
One half
d. Two thirds
e. all
of the differences in per capita](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F4da7af05-1e0e-424b-9438-9abe62448cab%2Fd0c46549-a7bc-4c6d-a6a4-4d5088f4f9ca%2Fdqv30ih_processed.png&w=3840&q=75)
Transcribed Image Text:7. Among the following production functions, which one is consistent with the US stylized fact for labor and
capital shares:
a. Y =ĀK¹/312/3
b. Y = AX K + Bx L
c. Y = AX KxL/(K + L)
d. Y = K (1-e-(L/K))
e. None of the above.
8. According to the production model total factor productivity explains
GDP across countries.
a. 0
b. One third
C.
One half
d. Two thirds
e. all
of the differences in per capita
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