Expenditures on education and training that raise per capita output are viewed as

Question

Quizplus · Accepted Answer

Expenditures on education and training that raise per capita output are investments in human capital. This means that they are seen as investments that will pay off in the long run, by increasing the productivity and earning potential of individuals and the economy as a whole. It is not considered conspicuous consumption (A), transfer payments (B), consumer surplus (D), or normative expenditures (E).

Expenditures on Education and Training That Raise Per Capita Output