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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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Unit 7 Lessons Learned

Unit 7 Lessons Learned

Q Introduction Students are expected to reflect on what they have learned about public budgeting and finance from their textbook each unit, including “take-aways” that will be useful in their future careers. Directions Students are expected to reflect on at least TWO lessons that they have learned from their readings in the textbook (Lee, Johnson, and Joyce) this unit and write 1-2 short paragraphs for each lesson learned. Comments should focus on the implications for public budgeting and finance based upon topics they have found especially relevant. 1) Add Title page and Reference page 2) Double-spaced, Times New Roman 12 font 3) Make sure to add citations and references formatted according to APA style. 4) DO NOT use direct quotes. Instead paraphrase and properly cite summarized information. Due Dates: 11:59 p.m. Sunday CT.

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The topic of capital investment was especially important in this week's segment. Capital investments are acquisitions of long-term physical assets that the government makes (Lee et al., 2013, 555). These investments are planned to improve the efficiency of output. The public sector's assets vary from those of the private sector because, generally, the assets of the public sector do not have a primary goal of raising revenue. Its main aim is not to produce profits but to provide people with the service they need. Many government buildings, such as wastewater treatment plants, highways, and bridges, do not provide profits but provide continuous service for many years (Lee et al. 2013, 555).