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Consider a neoclassical growth model (Y: AKCl L1'a), where technology A = 30, capital K = 30 and labour L = 15. Assume capital and
Consider a neoclassical growth model (Y: AKCl L1'a), where technology A = 30, capital K = 30 and labour L = 15. Assume capital and labour are equally important for production For this economy, total output is and labour productivity is . Choose the closest answer. 115:115 562; 42 581; 39 636; 42 306; 31
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