We discussed how the opportunity cost of sending children to school affects the level of school enrollment across countries. The United Nations Human Development Report 2013 reports the following data for per capita income in 2012 (in the equivalent of 2011 U.S.

dollars): (LO4)

a. Which country would you expect to have the highest school enrollment rate? The lowest rate?

b. Discuss what other factors besides GDP per capita a family might consider when applying the concept of cost-benefit to the decision of whether or not to send a child to school.

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Canada $40,588 Denmark $41,524 Greece $25,391 Lesotho $2,368 Ethiopia $1,218