If a Larger Fraction of the Population Receives Public Education

question 22

Multiple Choice

If a larger fraction of the population receives public education, and a smaller fraction receives private education, then

• A)there will be a higher rate of convergence of incomes across the population.
• B)aggregate growth rates must fall in the long run.
• C)for each individual there should be a smaller effect on human capital accumulation due to the human capital of others.
• D)human capital will grow at a higher rate for everyone.
• E)inefficiency must increase.

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The mean number of individuals present at a series of events or within a given period.

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The amount of electric energy consumed by a device, home, or organization over a specific period.