Societies choose what share of thire resources to devote to consumption and what share to devote to investment some of there decision involve private spending other involve goverment spending
a-describe some forms of private spending that represent consumption and some forms that represent investment. The national income accounts include tuition as apart of counsumer spending. In your opinioin are the resources you devote to your education a form of consumption or a form of investment?
b- describe some forms of government spending that represent investment. In your opininon should we view givernment spending on health programs as a form of consumption or investment? would you distinguish between health programes for the young and health programs for the elderly?