The measurement of income distribution that splits income earned among the various factors of production (inputs) is called the

Suppose y = k1/2, total factor productivity is constant and equal to 1, s = 0.40, and d = 0.10. When the economy reaches the steady state, the capital-labor ratio is ________ of capital per worker

A) $2 B) $4 C) $8 D) $16

Economic models are most useful in

A) predicting changes in one variable due to a change in one or more other variables. B) predicting the direction of the stock market. C) explaining the future with the past. D) generating untestable hypotheses.