converting aggregate production into per-capital production



True or False?
Reference: From Practice exam 1. See Page 76 (of Jones Macro Econ Crisis Ed), note that the production equation denotes aggregate production (aka, GDP) with a capital-Y, and per-capita production with a lower case

    



~ Note: be prepared for these types of problems. You’ll need to be comfortable moving around exponents like we did above, whether they are numbers like



False. There are two ways to show your solution.
  1. You can start with the production function given,
  2. You can start with the per-capita GDP equation


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