1. Consider the variables l, m, n. Assume that the growth rates of these variables are given by g(1) = 0.03, g(m) = 0.05, and g(n) = 0.01. Then the growth rate of the variable k = lm is approximately equal to a) 0.05 b) 0.07 c) 0.015 d) 0.09 2. Which of the following production functions with inputs K, L, and H exhibits Constant Returns to Scale (CRS)? (Assume A > 0 is a constant) a Y = AK1/2[1/2 b) Y = AK1/2 L1/3 H1/4 C) Y = AK1/2 - L/H d) Y = AKL1 / 2 H 1/2