) In a certain country, everyone in the labor force in the year 2012 had 16 years of education. In1962, everyone in the labor force had 8 years of education. What was the average annual growth in income per worker that was due to the increase in education?

) In a certain country, everyone in the labor force in the year 2012 had 16 years of education. In1962, everyone in the labor force had 8 years of education. What was the average annual growth in income per worker that was due to the increase in education?

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter21: Unemployment

Section: Chapter Questions

Problem 11RQ: If you an? out of school but working part time, are you considered employed or unemployed in U.S....

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Question

) In a certain country, everyone in the labor
force in the year 2012 had 16 years of
education.
In1962, everyone in the labor force had 8
years of education. What was the average
annual
growth in income per worker that was due
to the increase in education?

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