Which of the following countries had the lowest ratio of investment to GDP in 1992?
A. Japan
B. Norway
C. Singapore
D. Taiwan
E. United States
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Assume a Cobb-Douglas production function where the share of capital and labor is each 1/If the growth in total factor productivity is zero and labor and capital each grow by 2%, then
A. output growth is 4% and the marginal product of capital is Y/K
B. output growth is 2% and the marginal product of capital is Y/(2K)
C. output growth is 2% and the marginal product of labor is (2Y)/N
D. output growth is 1% and the marginal product of labor is Y/(2N)
E. output growth is 1% and the marginal product of capital is (2Y)/K
Assume a Cobb-Douglas production function where the share of capital is 0.3 and the share of labor is 0.If capital grows by 1.5%, labor grows by 2%, and growth of total factor productivity is 1.2%, by how much does total output grow?
A. 0.047
B. 0.035
C. 0.0305
D. 0.0285
E. 0.012
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, capital grows at 1.5%, and labor doesn't grow at all, what is the growth rate of output?
A. 0.0045
B. 0.006
C. 0.0105
D. 0.015
E. 0.02
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