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lili Percentage of the Population Finish 2 Highest Level of Education Years of schooling trggg Developing Countries Advanced Countries No Schooling 0 1.00 20.8 2.5
lili Percentage of the Population Finish 2 Highest Level of Education Years of schooling trggg Developing Countries Advanced Countries No Schooling 0 1.00 20.8 2.5 Incomplete Primary 4 1.65 10.4 3.4 Complete Primary 8 2.43 18.0 123 Incomplete Secondary 10 2.77 19.3 17.8 Complete Secondary 12 3.16 23.2 37.4 Incomplete Higher 14 3.61 2.9 9.9 Complete Higher 16 4.11 5.3 16.6 Source: Barro and Lee (2010). The table above shows some breakdowns of the Population by Schooling and Wages Suppose that we are comparing two countries, i and j, that are similar in every respect except the education of their population. In Country i, all adults have 10 years of schooling. In Country], all adults have 4 years of schooling Calculate the ratio of output per worker in steady state in the two countries, 1 AV B I FIV '1';V E 25 o (:5 l E [E ,5\
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