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remy2012 remy2012
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A year ago
A country has an aggregate production function of the form Y = A × K1/3 × H2/3, where Y denotes total output, A denotes the level of technology, K denotes the physical capital stock, and H denotes the efficiency units of production. Which of the following is likely to happen if the physical capital stock and the efficiency units of labor available to the country increase by 10 percent over a span of 5 years, while the state of technology used in the country remains the same?

▸ Output will double.

▸ Output will increase by 1 percent.

▸ Output will increase by 5 percent.

▸ Output will increase by 10 percent.
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
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jtarinayjtarinay
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A year ago
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remy2012 Author
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A year ago
Thanks for your help!!
carston
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Thank you, thank you, thank you!
MLynneMcMillan
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This site is awesome
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