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Part II. Short Answer Questions Question 1 . For a country, its national output or income (Y) follows a Cobb-Douglas function as below. For example,
Part II. Short Answer Questions
Question 1.
For a country, its national output or income (Y) follows a Cobb-Douglas function as below. For example, the function in 2021 is
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Modern Principles Microeconomics
Authors: Tyler Cowen, Alex Tabarrok
4th Edition
1319098762, 978-1319098766
