In the U.S. ,each additional year of schooling has historically raised a person's wage on average by about
A)5 percent.In less developed countries the gap between the wages of educated and uneducated workers is smaller.
B)10 percent.In less developed countries the gap between the wages of educated and uneducated workers is smaller.
C)5 percent.In less developed countries the gap between the wages of educated and uneducated workers is larger.
D)10 percent.In less developed countries the gap between the wages of educated and uneducated workers is larger.

Question

Quizplus · Accepted Answer

In the U.S., each additional year of schooling typically raises a person's wage by about 10 percent. In less developed countries, the gap between the wages of educated and uneducated workers is larger due to the higher relative scarcity of educated individuals.

In the US ,Each Additional Year of Schooling Has Historically Raised a Raised