The following data gives real GDP (Y), total factor productivity (A), and Capital (K), for two years. A K I 25 1.1 81 Year 1980 1990 Y 400 990 Assume the production function is Y-AK0.5L0.5. By what percentage did labor grow between 1980 and 1990? O p. 40.75% Ob. 20.15% O c. 96.00% O d. 56.25%

The following data gives real GDP (Y), total factor productivity (A), and Capital (K), for two years. A K I 25 1.1 81 Year 1980 1990 Y 400 990 Assume the production function is Y-AK0.5L0.5. By what percentage did labor grow between 1980 and 1990? O p. 40.75% Ob. 20.15% O c. 96.00% O d. 56.25%

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Question

The following data gives real GDP (Y), total factor productivity (A), and Capital (K), for two years.
A
K
1
25
1.1
81
Year
1980
1990
Y
400
990
Assume the production function is Y-AK0.5 0.5. By what percentage did labor grow between 1980 and 1990?
Op. 40.75%
Ob. 20.15%
O c. 96.00%
d. 56.25%

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