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mariasmakatof mariasmakatof
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A year ago
The following table compares some attributes of workers in South Korea, Spain, and the United States.

CountryIncome per workerAverage years of schoolingPercentage of U.S. physical capital stock per worker
Spain88,94410.2781.2%
South Korea67,24712.0552.6%
United States112,51713.18100%

Refer to the table above. If workers in Spain and South Korea had access to the level of technology available in the United States, what might we expect with respect to income per worker?

▸ No change, because these countries already have access to the U.S. level of technology.

▸ Income per worker would only increase for workers in South Korea.

▸ Income per worker in Spain would reach the level of the United States.

▸ Income per worker would likely increase more for workers in South Korea.
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Macroeconomics

Macroeconomics


Edition: 3rd
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ssong07ssong07
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A year ago
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mariasmakatof Author
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A year ago
This helped my grade so much Perfect
homework1
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I appreciate what you did here, answered it right Smiling Face with Open Mouth
big_larry_samp
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Thank you, thank you, thank you!
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