Human Capital 1. In the presence of public education and human capital, if the initial private physical capital intensity is set so that human and physical capital explain half of US historical growth then a. both the time path of growth rates and interest rates are consistent with the data b. the time of growth rates is consistent with the data but not the time path of interest rates c. the time of interest rates is consistent with the data but not the time path of growth rates d. neither the time path of growth rates nor interest rates are consistent with the data 2. Estimates of the human capital production function suggest a. 6'1 : 62 : 0.10 b. 61 = 010,92 = 0.40 c. 61 =0.40,62 =0.10 d. 61 = 612 = 0.40 3. For the US, the ratio of real public school spending per student during 1960 compared 1840 was a. 1.14 b. 1.67 c. 3.63 d. 9.50 4. For the US, a rise in real public school spending per student caused worker productivity to rise fold from 1870 to 1990 a. 1.14 b. 1.67 c. 3.63 d. 9.50 Introducing the Government 5. Which of the following represents the government consumption of goods? a. r, b. Cf c. G