- CFA Exams
- CFA Level I Exam
- Topic 2. Economics
- Learning Module 9. Economic Growth
- Subject 3. Production Function and Growth Accounting
CFA Practice Question
For the U.S., what is likely the value of ALPHA as defined in the Cobb-Douglas production function?
A. 0.3
B. 0.5
C. 0.7
Explanation: The U.S. is a developed country with a stable economy. The output elasticity of capital is far less than that of labor.
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