7. Income and education levels are on the rise in many parts of the world. a) How...

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7. Income and education levels are on the rise in many parts of the world.

a) How do you think your own postcollege boost in income (after you land your first “real” job) will affect your consumption behavior?

b) How do you think your decision to attend college will affect the timing of any children you might have relative to if you ended your schooling after high school?

c) Do you think most people would provide similar answers? What does this suggest about policy and preparation for related demographic changes?

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