Suppose the relationship between wage, years of education (educ), years of experience (exper), and participation in a job training program (train) is modeled as: log (
) = 
+ ![]()
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+ 
+ 
. Which of the following is the most accurate interpretation of the coefficient, 
?
A. Holding education and experience constant, participating in the training program increases the wage by $ 
.
B. Holding education and experience constant, participating in the training program is predicted to increase the wage by 
C. Participating in the training program is predicted to increase the wage by 
% .
D. Participating in the training program increases the wage by $
.
Answer: B
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