Calculation of the total gap among men and women, Business Economics

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Calculation of the total gap among men and women

Calculation of the total gap among men and women.

Suppose men, on average obtain 12 years of education, while women have on average 14 years of education. Men's wages increase by $1,000 for every year of education which they have. Women's increase by only $500.

Illustrate what is the total gap among men and women?

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Business Economics: Calculation of the total gap among men and women

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Business Economics: Calculation of the total gap among men and women

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