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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. 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: 3^rd

Authors: Acemoglu, Laibson, List

Read 45 times

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