In the Equation Describing the Accumulation of Human Capital, H

question 45

Multiple Choice

In the equation describing the accumulation of human capital, H' = b(1 - u) H, the parameter b determines

• A) the efficiency of the educational sector.
• B) the efficiency of human capital.
• C) physical capital accumulation.
• D) the level of human capital in equilibrium.
• E) the growth rate of the labour force in equilibrium.

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