Consider a neoclassical growth model (Y= AKα L1-α), where technology A = 25, capital K = 15 and labour L = 10. Assume capital and labour are equally important for production.
For this economy, total output is ______ and labour productivity is ______ . Choose the closest answer.
298; 51
234; 67.
402; 35.
306; 31.
115; 115.
