Problem
Suppose two countries have 4 and 9 years of average schooling respec- tively. Primary schooling makes up the first four years, secondary school- ing makes up the next four and the remaining years make up higher educa- tion. The returns to secondary education are 10% per year and higher ed- ucation are 6% per year. Calculate the relative human capital per worker for the two countries.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.