If a Country Increases Its Basic Literacy Rates, It Will

question 47

Multiple Choice

If a country increases its basic literacy rates, it will impact its economy by

• A)increasing aggregate demand.
• B)decreasing aggregate demand.
• C)increasing aggregate supply.
• D)decreasing aggregate supply.

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Definitions:

Government Debt

The total amount of money that a government has borrowed and not yet repaid.

Debt To Income Ratio

A personal finance measure comparing an individual's debt payments to their overall income, often used by lenders to assess borrowing capacity.

Government Debt

The total amount of money that a government owes to creditors, which can include foreign governments, domestic banks, and other financial institutions.

Lifetime Income

The total amount of money earned by an individual over the course of their life.