Use B as the Exponent for Physical Capital, and C

question 108

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)0.35
• C)0.20
• D)0.10

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Definitions:

Social Existence

The way in which individuals live, interact, and coexist with one another within societies and various social structures.

Liabilities

Financial obligations or debts that an individual, company, or other organization owes, which are expected to be paid in the future.

Communal Orientation

An attitude or approach that emphasizes the welfare and interests of the community or group over individual gains.

Exchange Oriented

Exchange oriented refers to relationships or interactions where the parties involved expect reciprocation or benefits from their contributions or efforts.