- CFA Exams
- CFA Level I Exam
- Topic 2. Economics
- Learning Module 9. Economic Growth
- Subject 3. Production Function and Growth Accounting
CFA Practice Question
In the Cobb-Douglas production function, α is:
II. the share of income paid to capital.
III. the expected growth rate of capital.
I. output elasticity of capital.
II. the share of income paid to capital.
III. the expected growth rate of capital.
A. I and III
B. I only
C. I and II
Explanation: α plays dual roles.
User Contributed Comments 0
You need to log in first to add your comment.