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3. Consider the Harris-Todaro migration model

style="color:rgb(45,59,69);"> applied to the United States, where average

    annual personal income is $41,000 in the South, with a 9.82% unemployment rate; and

   $63,800 in the Northeast, with a 6.24% unemployment rate. Calculate the percentage Expected

   Earnings gap between a potential College graduate in the Northeast and a potential College

   graduate in the South.

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