In a Hypothetical Country,the Average Wage of Five 40-Year-Old Citizens

question 52

Essay

In a hypothetical country,the average wage of five 40-year-old citizens with a college education is $36,896,and the average wage of five 40-year-old citizens with a high school education is $25,864.What is the returns-to-college education in the country? Is there any limitation of this analysis? Explain your answer.

---

Definitions:

Organized

Characterized by a systematically structured and managed arrangement of tasks, operations, or materials.

Disciplined

Being disciplined refers to showing a controlled form of behavior, often involving obeying rules or a strict regimen.

Antagonistic

Characterized by opposition or hostility towards others, often resulting in conflict or resistance.

Acquiescent

Willing to accept or agree to something without protest or objection.