Question: Part II. Short Answer Questions Question 1 . For a country, its national output or income (Y) follows a Cobb-Douglas function as below. For example,

Part II. Short Answer QuestionsQuestion 1.For a country, its national outputor income (Y) follows a Cobb-Douglas function as below. For example, the

Part II. Short Answer Questions

Question 1.

For a country, its national output or income (Y) follows a Cobb-Douglas function as below. For example, the function in 2021 is

function in 2021 is \f2022 2.2(1.44k)@1-aimage text in transcribed

\f2022 2.2(1.44k)@1-a

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