Question: TO THIS explain in your own words what the data say. Be sure the clearly state which graph your are explaining at the beginning of
TO THIS explain in your own words what the data say. Be sure the clearly state which graph your are explaining at the beginning of your response. FROM THIS. his figure attempts to explain the difference of earnings between those with bachelor's degree and those who do not. The age of the individuals are also included in this graph. According to studies, each extra year of schooling has a return rate of roughly 10%. When we apply this 10% rate to the median earnings of a 25- to 34-year-old high school graduate working full-time in 2010, we see that a year of college raises earnings by $3,000, and four years boosts earnings by $12,000. This is less than the $15,000 difference in earnings between high school graduates and those with a bachelor's degree, but it is in the same ballpark. However, a ten percent return would indicate that the causal effect of those extra two years would be $6,000, even though the raw difference between high school graduates and associate's degree holders is around $7,000. Of course, there are a few other factors to think about. The expense of college has an impact as well: the higher the cost
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