N false false false en-us x-none x-none


Y = AK^.3L^.7 Y equals 12 trillion, capital K is 27 trillion, and labor L is 64 million workers. Given this information, what is the closest approximation of total factor productivity A? The anser is around 0.25, but how is this solution found?

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Microeconomics: N false false false en-us x-none x-none
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