One source of long-run economic growth is an increase in the quality of labor, or human capital,

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One source of long-run economic growth is an increase in the quality of labor, or human capital, of which education plays a major role. Go to www.bls.gov and look up the current unemployment rate. Compare this to the current unemployment rates for those without a high school diploma, those with only a high school diploma, and those with a bachelor’s degree or higher. What does this data suggest about education requirements for jobs in the United States? Then go to www.census.gov and look at the current population survey historical table A-2. Find the percentage of the total population 25 years and older who have completed four years of high school or more and the percentage who have completed four years of

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Principles of Macroeconomics

ISBN: 978-0134078809

12th edition

Authors: Karl E. Case, Ray C. Fair, Sharon E. Oster

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