Question

The most common measure of inflation is a statistic called the Government officials in Country M have determined that they need to take action to encourage the growth of their economy. To do this, they have introduced an incentive policy that offers citizens free education. This is extended to all individuals who sign a contract agreeing to work within their specific industry for the next ten years.


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Answer 1

Answer: a. Education to reduce unemployment and increase production

Explanation:

Education gives people specialized knowledge and skills that will enable them improve production processes and thus increase efficiency which will drive economic growth.

By investing in education in such a manner, Country M is aware of the benefits of education and hope to harness it to reduce unemployment and increase their production capacity which will drive economic growth.