In practice it is slightly more complex than this as inflation can reduce the effective size of a debt and you can borrow
money to pay off debts to
get better interest rates, and
for a whole
country the
value of the currency has a significant effect,
M: Overall, there are major differences in performance in relation to
money spent, and the correlation tends to be that the
best performers are
countries which, in effect, make sure that young people are set free to pursue their own agenda and express their creativity, and that systems that entrench the young too long in training or in hierarchical structures of apprenticeship and deference to their elders don't
get the same
value for their
money.
The U.S. ranks 19th out of 30
countries in the outcomes it
gets from its investments in education, according to «The Efficiency Index: Which education systems deliver the
best value for the
money?
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