- CFA Exams
- CFA Level I Exam
- Topic 2. Economics
- Learning Module 9. Economic Growth
- Subject 3. Production Function and Growth Accounting
CFA Practice Question
Assume α is 0.2 for Germany. A 1% increase in the labor will increase output by:
B. 0.2%.
C. 0.8%.
A. 2%.
B. 0.2%.
C. 0.8%.
Correct Answer: C
1 - α = 0.8.
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