题目内容

Assume a Cobb-Douglas production function where the share of labor is 0.7 and the share of capital is 0.If there is no technological progress, labor grows at 2%, and capital grows at 1.5%, then real output will grow by

A. 0.0045
B. 0.015
C. 0.0185
D. 0.0285
E. 0.0305

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Assume that the rate of technological advance is 1.5% and both labor and capital grow at a rate of 2%. What is the rate of output growth if labor's share of income is three times as high as capital’s share and there are constant returns to scale?

A. 0.015
B. 0.02
C. 0.03
D. 0.035
E. 0.055

Assume labor's share of income is 80% and capital's share of income is 20%. If we assume constant returns to scale, there are no technological advances, and both labor and capital grow at an annual rate of 3%, then the growth rate of output will be

A. 0.006
B. between 0.6% and 2.4%
C. between 2.4% and 3%
D. 0.03
E. greater than 3%

Assume a production function with constant returns to scale. The share of capital in production is 1/4 and the share of labor is 3/If both labor and capital grow at 1.6% and the rate of technological progress is 1.2%, what is the rate of growth of real output?

A. 0.012
B. 0.016
C. 0.028
D. 0.032
E. 0.048

Assume a production function with constant returns to scale. Labor's share of income is 4/5 and capital's share is 1/If labor grows at 3%, capital at 2%, and the rate of technological advance is 1.2%, roughly how many years would it take to double the current level of output?

A. 12
B. 18
C. 23
D. 35
E. 48