Implementation of the cobba doughlas model in the development of the economy

Abstract

This article presents information about the Cobb-Douglas model, one of the production functions. The parameters
of the gross domestic product function were estimated based on the statistical data provided in the Minitab program. Also,
a prediction of the volume of the gross domestic product is given at certain values of the amount of capital spent on
production and the amount of labor force involved in production.