As the text states, investment in human capital is an important ingredient for a nations economic growth.
Question:
As the text states, investment in human capital is an important ingredient for a nation’s economic growth. The data in the following table shows the net enrollment rates in primary school as a percentage of the relevant group for 10 developing countries in 1999 and 2016. Go to http:// data.worldbank.org and look up per capita GDP for these 10 countries for 1999 and 2016. (Search for GDP per capita [current $US] data.) Calculate the percent changes in per capita GDP from 1999 to 2016 for these 10 countries. Do the changes in per capita GDP seem to correlate with the changes in enrollment rates? What besides increased enrollment may be responsible for the changes in per capita GDP?
Step by Step Answer:
Principles Of Macroeconomics
ISBN: 9781292303826
13th Global Edition
Authors: Karl E. Case,Ray C. Fair , Sharon E. Oster