Question
An economist makes an assumption that each additional year of education causes future wages to rise by 9 percent. In thismodel, if a person with
An economist makes an assumption that each additional year of education causes future wages to rise by 9 percent. In thismodel, if a person with 12 years of education makes $22,500 peryear, then a person with 4-year college degree would earn $
nothing
per year.(Round your intermediate calculations to two decimalplaces.)
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Macroeconomics Principles, Problems, & Policies
Authors: Campbell McConnell, Stanley Brue, Sean Flynn
20th Edition
0077660773, 9780077660772
