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

question 155

Multiple Choice

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.

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Definitions:

Spreadsheet

A digital tool used for organizing, analyzing, and storing data in tabular form, consisting of rows and columns to facilitate calculations and management of information.

Indirect Method

A way of calculating cash flows from operating activities by starting with net income and adjusting for changes in non-cash accounts on the balance sheet.

Merchandise Inventories

Goods, either manufactured or purchased, held for sale in the regular course of business.

Direct Method

A cash flow statement approach that itemizes actual cash flows from operating activities, rather than adjusting net income.