You are given the following data on the annual earnings of residents on Examland, according to the 2020 census. The average earnings of native born workers are $42,500. The average earnings of workers to migrated to Examland between 2015 and 2019 are $39,600. And the average earnings of workers who migrated to Examland between 2010 and 2014 are $41,250. Calculate the entry effect on earnings. Express your answer both in dollars and as a percentage of native- born earnings.

You are given the following data on the annual earnings of residents on Examland, according to the 2020 census. The average earnings of native born workers are $42,500. The average earnings of workers to migrated to Examland between 2015 and 2019 are $39,600. And the average earnings of workers who migrated to Examland between 2010 and 2014 are $41,250. Calculate the entry effect on earnings. Express your answer both in dollars and as a percentage of native- born earnings.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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