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PS-2-Question 5 Years of Schooling' No Schooling 0 Partial Primary 4 Complete Primary 8 Incomplete Secondary 10 Complete Secondary 12 Incomplete Higher 14 Complete Higher
PS-2-Question 5 Years of Schooling' No Schooling 0 Partial Primary 4 Complete Primary 8 Incomplete Secondary 10 Complete Secondary 12 Incomplete Higher 14 Complete Higher l6 Wage Relative to No Sehoollng" l l.65 2.43 2.7? 3.I6 3.61 4.\" Relative Wage Total Percentage of Paid to Human Relative People 0 31% 0 8% l 9% 6 3% 36 2% 22 31% 3 1 6% Sum Capital 0 0.0052 0 .027] 7 0.1 1359 0 .78 192 0.58464 0.98276 2.50028 Wage 0.004 0.0132 0.046\"r 0.18559 l.l4392 0.80864 1.29876 3.50028 Use the data in the table above to answer the following questions. (a) 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 14 years of schooling. In Country], all adults have 8 years of schooling. Calculate the ratio of output per worker in steady state in the two countries. (b) In a certain country, everyone in the labor force in the year 2000 had 12 years of education. In 1900 everyone in the labor force had 4 years of education. What was the average annual growth in income per worker that was due to the increase in educaon
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