One source of long-run economic growth is an increase in the quality of labor, or human capital,
Question:
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
Step by Step Answer:
Principles of Macroeconomics
ISBN: 978-0134078809
12th edition
Authors: Karl E. Case, Ray C. Fair, Sharon E. Oster