ECONOMICS (CBSE/UGC NET)

ECONOMICS

GDP

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
A country invests in human capital and capital goods and has entrepreneurship and natural resources. Which of the following should increase? (you will select more than one)
A
GDP (Gross Domestic Product)
B
Standard of Living
C
Literacy Rate
D
None of the above
Explanation: 

Detailed explanation-1: -Investments in education are recognized by the scientific community as the most common and studied among all types of investing in people.

Detailed explanation-2: -Investing in people through nutrition, health care, quality education, jobs and skills helps develop human capital, and this is key to ending extreme poverty and creating more inclusive societies.

Detailed explanation-3: -Human capital refers to the stock of skill, ability, expertise, education, and knowledge in a nation at a point of time. We need investment in human capital to produce more human capital out of human resources. Nations require adequate human capital who are educated and qualified as educators and other specialists.

Detailed explanation-4: -Investment in Education. The most powerful way to improve and expand the fruitful workforce in the state is by nourishing and building up the education system. Investment in Health. Migration. On-the-job Training- Investment in Information: All the detailed information. Solved Questions.

There is 1 question to complete.