Question: Suppose the production function is given by Y = K^(1/3)*L, where K is the aggregate stock of physical capital, and L is the number of

Suppose the production function is given by Y = K^(1/3)*L, where K is the aggregate stock of physical capital, and L is the number of workers (=population).

If the capital stock is equal to 37, what is output per person equal to?

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3. How much information do we need to collect?

2. What types of information are we collecting?

5. How quickly can we manage to collect the information?