According to the growth accounting studies, if you lived in a country where illiteracy was high and 40% of the children left school early and did not complete their education what would probably be the results for that country

b. There would be both a human and economic loss.

Explanation:

Education is usually necessary for economic growth as educated human beings are better able to engage in higher income businesses and services and come up with or be able to use better technology that would serve to improve the economy of a country.

This is why developed countries have such high literacy rates and developing countries lag behind. Research has shown that most developed countries really saw growth only after they pursed a national policy aimed at improving literacy.