memo3 - Education will come in On the next page you will...

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Council of Economic Advisers To: Mr. B Obama, President of the United States Date: April 20 th , 2010 re: Investment towards Education Mr. President: Regarding Investment towards Education, I believe it is safe to say that such an investment is paramount to the progression of a society. All great advancements of our time have come, for the most part, from educated people in doing research or the like. At some point technology will limit the amount of progress we make and we will need another “discovery” to raise the bar and allow more improvement. This is precisely where Investment towards
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Unformatted text preview: Education will come in. On the next page you will find two graphs, one regarding Investment and the growth of Real GDP, and another regarding Investment and the relative size of the working population in school. Both graphs have great positive correlations leading to the conclusion that: As Investment increases the amount of people being educated increases as well, which will lead to greater economic growth. My conclusion is affirmed by the positive correlation between an increasing Investment ratio and real GDP growth. Sincerely, Andrew Cheung...
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