- CFA Exams
- CFA Exam: Level II 2021
- Study Session 4. Economics
- Reading 11. Economic Growth and the Investment Decision
- Subject 3. Production function and growth accounting
CFA Practice Question
According to the growth accounting equation, the output elasticity of labor is:
B. 1 - α.
C. 1.
A. α.
B. 1 - α.
C. 1.
Correct Answer: B
A is the output elasticity of capital.
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