Use B as the Exponent for Physical Capital, and C

question 103

Multiple Choice

Use b as the exponent for physical capital, and c as the exponent for human capital. Assume that b = 0.25 and c = 0.60. Further assume that per person income of a rich country is 10 times that of a poor country.
-Refer to the information above.What is the value of the exponent for uneducated labor (L) ?

• A)0.75
• B)0.40
• C)0.35
• D)0.15

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