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Please help me answer question number 6 in the picture he me 5. For a country, its national output or income (Y) follows a Cobb-Douglas

Please help me answer question number 6 in the picture

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he me 5. For a country, its national output or income (Y) follows a Cobb-Douglas function as below. For example, the function in 2017 is Y2017 = 2K L1-@. Here K indicates total capital input and L is total labor input. And we have a = 0.5. What is the share of capital in 2017? and labor of total national income? If K is 36 and L is 100, how much is the total output If we have a = 0.5, the share of capital and labor of total national income are 0.5 and 0.5, respectively. The total output in 2017 is 120 o Micr 6. Following Question 5, the pandemics of Coronavirus has created an unprecedented economic crisis internationally in 2020. The Covid-19 has damaged total national output nh dga of the country in Question 5 via several channels, including a supply shock, a demand shock and a historical financial shock. The influence of this heath crisis varied by Imp industries and across subsectors of an industry. During the crisis, high personal saving rate delayed capital accumulation, though fiscal stimulus packages repaired some disrupted credit intermediation. However, total capital stock (K) grew slowly at 5% in 2020. In the labor market, damage caused by Covid-19 has been the most severe one in recent years. Due to economic shutdown and laid-off, the crisis substantially lowered labor participation and labor supply. Compared with 2019, total labor stock (L) fell 20% 5 _ in 2020. The only noticeable progress was achieved in 2020 was a decent increase of total factor productivity (factor A). It increased from 2 in 2019 to 2.2 in 2020. According to the information as above, how much GDP of this country would be in 2020, if we assume a is the same value as in Question 5. Your forecast can be based on the level of 2019 (as percentage change). 142%

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