This is my entry for the economic challenge4 from the six week economic challenge by @spectrumecons.
We were given statistics of muffin town with a budget of $5 Million for 5 different development proposal.
From the data I extracted if population growth is by 10%, the local hospital will need an upgrade due to the fact that emergence is 5% and an increase in combo will give a rise in risk and human value is at $8,000,000 have the highest vale. Improving the bus service is another face to look at, so I will get 2 more buses to improve the service . I also will go for upgrade on the dam because of the extra amount of water required by the crops and as at now all water from the dam is completely used up. Lastly for the interest if the growing community I have to build a football stadium for the local school.
So to spend the $5million budget I will:
- i will upgrade the local hospital by getting 15 extra beds for $2 million
- I will get 2 buses for the bus services for $1 million
- I will upgrade the local dam by an extra 1000 ml for $1 million
- finally I will build a stadium of 2000 capacity for $1 million.
The budget of $5 million is used for the best interest.