Respuesta :
Answer:
The higher income that results from a college degree is sometimes referred to as the “college wage premium.” ... As a result, workers with more education have a lower average unemployment rate than those with less education. Education and Wealth. The relationship between education and wealth is also strong.Basically, the higher the education level, the higher the income.
Explanation:
The relationship between education and income is very strong. Education is often referred to as an investment in human capital because people invest in human capital to make money in future. Generally, those with more education earn higher incomes.
What is Income?
Income is the consumption and saving opportunity gained by an individual within a specified time frame, which is generally expressed in financial terms. Income is earned by an individual or business receives in exchange for providing labor, producing a good or service or investing capital. It is generally believed that more education has higher earnings and lower rates of unemployment than those who get less education.
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