Identify the Type of Fallacy in the Following Passage

question 60

Essay

Identify the type of fallacy in the following passage.
"Look at Bill Gates. He didn't go to college, and he's a millionaire. College is such a waste of time."

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Definitions:

Market Value

Market value is the current price at which an asset or service can be bought or sold in a marketplace.

Final Goods

Products that have completed the manufacturing process and are ready for use by consumers or for investment by businesses without further transformation.

Government Spending

Expenditures by government bodies on goods and services, including transfer payments and public infrastructure investments.

Percent Of GDP

The percentage of Gross Domestic Product (GDP) refers to a key economic indicator that measures a specific component or sector's contribution to the overall economic output of a country, expressed as a percentage of its GDP.