Education and Economic Growth Quiz level 10000

Question 1

How is education related to economic growth?

Accepted Answer

Education promotes one country’s labor force and institutional well-being, Education is a source of knew technologies, skills and knowledge

Question 2

What are the major drawbacks of the early study on Economic Growth?

Accepted Answer

Fails to recognize the importance of non-school factors to economic growth, Implies that all skills and capacities are developed within formal school, Ignores other factors that affect economic growth (quality of education)

Question 3

What was the research results of the early studies on Education and Economic Growth?

Accepted Answer

More years of education is a significant determinant of economic growth

Question 4

How did the importance of cognitive skills linked to Economic growth?

Accepted Answer

With new International Achievement tests

Question 5

What did the New International Achievement tests reflect?

Accepted Answer

The impact of each country's institutional infrastructure on education, The impact of both the years and the content of schooling per country, Cognitive skills that they usually are developed out of school

Question 6

What were the measurement problems of this study and how they affected the results?

Accepted Answer

Association of years of schooling to economic growth leads to mixed results, Quantity seems as the most significant driver of economic growth, Cross-country growth regressions primarily reflect financial information

Question 7

Which from the below statements better describes the results of the recent studies?

Accepted Answer

Good education quality has a better effect on economic growth than quantity, Larger test scores by 1 SD, are associated with a long run economic growth

Education and Economic Growth Quiz level 10000

Questions 7

Education and Economic Growth Quiz level 10000

Questions 7