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The following table compares some attributes of workers in South Korea, Spain, and the United ...

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The following table compares some attributes of workers in South Korea, Spain, and the United ...

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

Country	Income per worker	Average years of schooling	Percentage of U.S. physical capital stock per worker
Spain	88,944	10.27	81.2%
South Korea	67,247	12.05	52.6%
United States	112,517	13.18	100%

Refer to the table above. Which factor below does NOT contribute to the average American having a higher income per worker than the average South Korean?

▸ South Korea has a smaller workforce.

▸ South Korean companies do not have access to the same technologies as U.S. companies.

▸ South Koreans on average complete less schooling.

▸ South Korea's production is less efficient.

Textbook

Macroeconomics

Edition: 3^rd

Authors: Acemoglu, Laibson, List

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