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1. Interpret the following graph and explain its policy implications 4 3 Effect on full-time employment (percentage points) Effect on earnings (percent) 2 Extracurricular participation

1. Interpret the following graph and explain its policy implications

4 3 Effect on full-time employment (percentage points) Effect on earnings (percent) 2 Extracurricular participation Math achievement Social skills Cognitive skills Birth cohort 1953-54 Birth cohort 1973-74 Birth cohort 1957-64 Birth cohort 1980-84

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