Considering the socio-economic impact, the statement that is true about education and lifetime earnings is that "Generally, the more education you receive, the higher your lifetime earnings will be."
This is because, over the years, when education has become the fundamental part of human development, it has been observed that the higher the education, the higher the earning.
Individuals with a Ph.D. degree generally earn more than someone with MSc, while those with MSC typically make more than those with BSC.
The people with high school leaving certificates or those without education are generally found at the lowest level of earning capacity.
Hence, in this case, it is concluded that there is a direct relationship between the level of education received and the earning capacity.
Available options are:
There is no relationship between the level of education received and lifetime earnings.
Generally, the less education you receive the higher your lifetime earnings will be.
Generally, the more education you receive, the lower your lifetime earnings will be.
Generally, the more education you receive, the higher your lifetime earnings.
Learn more about the impact of education here: https://brainly.com/question/19248417
Answer:
I believe its Generally, the more education you receive, the higher your lifetime earnings.
Explanation:
I might be wrong doe
