5 Questions
What is a consequence of having broader categories of output and educational inputs?
Less fixed relations between them
What is a common difficulty in the manpower and education output ratio approaches?
The assumption of a fixed volume of education and training
What is a possible way to produce a given output?
With a small number of highly trained workers
What does the model provided by Professor Tinbergen offer?
A comprehensive system of variables and relationships
What is a limitation in many developing countries?
Shortage of data, mathematical statisticians, and computing facilities
Test your knowledge on the education-output ratio method and capital-output ratio approach used to relate the stock of educated individuals and national output. Explore the concept of setting up linear equations to analyze the relationship between education levels and national output.
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