increased income

Why Should The Development Of A Solid Elementary Education System Take Precedence Over An Expansion Of The University System In Developing Countries?

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Why Should The Development Of A Solid Elementary Education System Take Precedence Over An Expansion Of The University System In Developing Countries? Why should the development of a solid elementary education system take precedence over an expansion of the university system in developing countries? Elementary education teaches basic skills that will be useful lifelong. University

What Problem Would A Country Try To Address By Increasing Investments In Human Capital?

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What Problem Would A Country Try To Address By Increasing Investments In Human Capital? In general, an increase in human capital leads to increased productivity, which leads to increased income, which leads to increased GDP. Why is it important for a country to invest in human capital? Human capital affects economic growth and can help

What Does The Table Show About The Relationship Between Different Measures Of Development?

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What Does The Table Show About The Relationship Between Different Measures Of Development? What does the table show about the relationship between different measures of development? GNI per capita better reflects standard of living than GDP. … HDI measures human development, while GDP measures economic development. What are the different measures of development? GNP per

What Happens To Budget Line If Income Increases?

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What Happens To Budget Line If Income Increases? When there is an increase in income, a consumer can buy more of both goods and this shows an outward i.e. rightward shift in the budget line. On the other hand, when there is a decrease in income, the consumer’s consumption possibility decreases, and the budget line