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Is there an economic measure of individual contribution to macroeconomic strength?

Economics Dec 14, 2020

Is there an economic measure of individual contribution to macroeconomic strength?

Expert Solution

Individuals can contribute to the macroeconomic strength in many ways such as, people should pay their contribution of tax which will increase the tax revenues of the government. Increased tax revenues will leads to various developments in the country like infrastructural development, improvement in education system, improvement in health facilities and so on. People in the country should provide proper education to their children. An educated individual country contributes more to the GDP growth of the country. Every individual should change their perspective and encourage girl education.

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