Pete has just decided to go to college to learn how to become a certified public accountant. Pete has made a decision that will increase the nation's

Question

Quizplus · Accepted Answer

By deciding to go to college and gain skills and knowledge in accounting, Pete is increasing the human capital of the nation. This will ultimately increase productivity, which can lead to economic growth. While Pete may also contribute to labor supply in the future, since he is currently a student he is not immediately increasing labor supply. Additionally, he is not directly contributing to physical capital, such as machinery or infrastructure.

Pete Has Just Decided to Go to College to Learn