Please use template attached to answer questions. Please use template attached to answer questions. Files: AB204-02_Jackson_Theophilus_Unit 6 Assignment.docx
September 3, 2020
consider the result suggesting that a consumer prefers to be subject to a lump-sum tax over an excise tax when they end up raising the same tax…
September 3, 2020

Discussion below. 150 words minimum with reference.According to economic growth theory, the level of the GDP and the rate of the real GDP growth rate have different economic implications about the ec

Discussion below.  150 words minimum with reference.

  • According to economic growth theory, the level of the GDP and the rate of the real GDP growth rate have different economic implications about the economic well-being of a country. If you are given the options, would you rather live in a nation with a high level of GDP and a low growth rate or in a nation with a low level of GDP and a high growth rate? Why?
  • Economists consider education as an investment that has both private and social benefits. Education is also the major source of human capital, which is the most important form of capital for the long term economic growth. What is the opportunity cost of investing in human capital? Do you think a country can “overinvest” in human capital? What is the opportunity cost of attending college? Explain.
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