Education might overestimate human capital investment

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Reference no: EM131162083

Which of the following are reasons to suspect spending on education might overestimate human capital investment?

a. Part of total spending on education is really consumption.

b. Education spending leaves out foregone wages.

c. Much human capital investment comes from on-the-job training.

d. All of the above.

e. None of the above.

Reference no: EM131162083

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