) 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?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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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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