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Chapter 7: Q 28. (page 187)

Why is investing in girls’ education beneficial for growth?

Short Answer

Expert verified

Educating women improves the health and education of their families.

Step by step solution

01

Step 1. Importance of education

In economic sense, education is a public good that provides positive externality. Education helps in humna capital formation which further improves productivity.

02

Step 2. Benefit of education for girls

A highly educated population is more productive, which means they can produce, earn, and consume more, all of which are beneficial to growth. There's no reason to believe that men have more brains than women, therefore a country that doesn't educate women is missing out on half of its population's intelligence.

Furthermore, there is some evidence that educating women improves the health and education of their families.

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Most popular questions from this chapter

Over the past 50 years, many countries have experienced an annual growth rate in real GDP per capita greater than that of the United States. Some examples are China, Japan, South Korea, and Taiwan.

Does that mean the United States is regressing relative to other countries? Does that mean these countries will eventually overtake the United States in terms of the

growth rate of real GDP per capita? Explain.

An economy starts off with a GDP per capita of 12,000 euros. How large will the GDP per capita be if it grows at an annual rate of 3% for 10 years? 3% for 30 years? 6% for 30 years?

How do gains in labor productivity lead to gains in GDP per capita?

What policies can the government of a free-market economy implement to stimulate economic growth?

Are there other ways in which we can measure productivity besides the amount produced per hour of work?
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