Question: Exam #3 - Personal - Microsoft Edge https://mylab.pearson.com/Student/PlayerTest.aspx?testld=248325237¢erwin=yes BAC 102 (5) Diego Palacios 04/02/23 10:45 AM Test: Exam #3

Diego Palacios 04/02/23 10:45 AM Test: Exam #3

Exam #3 - Personal - Microsoft Edge https://mylab.pearson.com/Student/PlayerTest.aspx?testld=248325237&centerwin=yes BAC 102 (5) Diego Palacios 04/02/23 10:45 AM Test: Exam #3

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=+ b. Capital and labor each earn a constant share of an economys income. [Hint: Recall the defi nition MPK = f(k + 1) f(k).]

=+d. The real rental price of capital is constant, and the real wage grows at the rate of technological progress g. (Hint: The real rental

=+ c. Total capital income and total labor income both grow at the rate of population growth plus the rate of technological progress, n + g.