Which of the following best describes the relationship between economic growth and literacy?
A) Increased literacy initially stimulates economic growth by raising labour productivity, but as the economy grows and the opportunity cost of education rises, literacy declines.
B) Economic growth and literacy are independent variables and tend not to move together.
C) Increased literacy stimulates economic growth by raising labour productivity, and as the economy grows, people consume more education.
D) As the economy grows, the literacy rate declines because of the low opportunity cost.
Correct Answer:
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