Question: Suppose that we are comparing two countries, A and B, that are similar in every way except the education of their population. In country A

Suppose that we are comparing two countries, A and B, that are similar in every way except the education of their population. In country A all adults have 10 years of schooling. In country B all adults have 4 years of schooling. Calculate the ratio of output per worker in the steady state in the two countries.

dont answer by pen paper

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!