Answer:
The benefit each major would bring and the cost of the degree.
Explanation:
Under a rational approach, Marcus should assess all the costs associated with the degree, including the monetary cost, the opportunity cost, and the economic cost (which is the sume of monetary cost and opportunity cost).
After that, he should assess all the possible benefits that choosing the major would bring to him. Because many of the benefits would be obtained in the future, Marcus would have to estimate as accurately as possible. For example, he could look for information about the average wage for the major.
Finally, Marcus must weigh the benefits and costs, and decided based on rational analysis.
Answer:
Real Surplus is $200 billion
Explanation:
Inflation = 14%
Debt = $4 trillion = $4,000 billion
Nominal deficit = $360 billion
Real Deficit = Nominal deficit - (Inflation*Debt)
= $360 - 14% * 4,000
= $360 - 560
= -$200
Hence, the answer is Real Surplus of $200 billion
You have to be in debt kind of in order to understand what it is.
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