Economic Value of Life
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Title: Economic Value of Life

Essay Details:

Subject: Miscellaneous
Author: Monica C
Date: March 7, 2014
Level: University
Grade: A
Length: 4 / 992

Essay text:

For example, if there is a man who earns a maximum of $2,500 per annum then at the age 18, his future expected earnings would be $41,000 and expected expenditures would be $13,000 which leaves him with a $29,000 surplus (Dublin, 1927). These calculations are only for income earnings and there are other factors to consider. One person may not seem like a lot but the accumulation of the loss of people can affect the economy. With the loss of one person in society, the government loses that much tax revenue for social spending. The counter argument for this statement is that the tax revenue will no longer be needed seeing as there is one less person for the government to care for...

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