7. The data on human capital we used throughout this chapter measured the number of years of schooling attained by members of each coun- try's working-age population. However, coun- tries differ in the number of days of school that make up a school year. Rich countries tend to have more days in their school years than do poor countries. Suppose that instead of data on school years, we used data on school days. How would these new data change our assessment of the role of productivity in explaining variations in output per worker among countries?
7. The data on human capital we used throughout this chapter measured the number of years of schooling attained by members of each coun- try's working-age population. However, coun- tries differ in the number of days of school that make up a school year. Rich countries tend to have more days in their school years than do poor countries. Suppose that instead of data on school years, we used data on school days. How would these new data change our assessment of the role of productivity in explaining variations in output per worker among countries?
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter20: Economic Growth
Section: Chapter Questions
Problem 4SCQ: Assume there are two countries: South Korea and the United States. South Korea grows at 4 and the...
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