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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

Say that the average worker in the U.S. economy is eight times as productive as an average worker in Mexico. If the productivity of U.S. workers grows at 2%

for 25years and the productivity of Mexico’s workers grows at 6% for 25years, which country will have higher worker productivity at that point?

Why does productivity growth in high-income economies not slow down as it runs into diminishing returns from additional investments in physical capital and human capital? Does this show one area where the theory of diminishing returns fails to apply? Why or why not?

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?

For a high-income economy like the United States, what aggregate production function elements are most important in bringing about growth in GDP per capita?

What about a middle-income country such as Brazil? A low-income country such as Niger?
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