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bklm1234 bklm1234
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A month 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. Assume students in South Korea not only experience longer schooling than do students in Spain, but also higher quality schooling. A measure that calculates the income per worker if technology in a country were at the United States' level would likely ________.

▸ overestimate the GDP per capita difference between Spain and South Korea

▸ overestimate the technology difference between Spain and South Korea

▸ underestimate the GDP per capita difference between Spain and South Korea

▸ underestimate the technology difference between Spain and South Korea
Textbook 

Macroeconomics


Edition: 3rd
Authors:
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edatayedatay
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A month ago
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overestimate the technology difference between Spain and South Korea

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