ECONOMICS (CBSE/UGC NET)

ECONOMICS

GDP

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which is MOST likely to be in a country with a high literacy rate?
A
a low standard of living
B
a high standard of living
C
little investment in human capital
D
too much investment in capital resources
Explanation: 

Detailed explanation-1: -Countries with high literacy rates are generally wealthier. Q. What is standard of living? the ability to read and write.

Detailed explanation-2: -Estonia. Estonia also has a literacy rate of 99.89%. Although most countries’ male population tend to have higher literacy rates than their female counterparts, in Estonia, women have a literacy rate of 99.91% compared with 99.86% in men. Overall, Estonia has seen its literacy rate grow over the past several decades.

Detailed explanation-3: -Kerala is the most literate state in India, with the highest literacy rate of 94 percent. Which state in India has the lowest literacy rate? According to the National Statistical Office (NSO) survey, Andhra Pradesh has the lowest literacy rate at 66.4 per cent.

Detailed explanation-4: -It can be also used as a proxy instrument to see the effectiveness of education system; a high literacy rate suggests the capacity of an education system to provide a large population with opportunities to acquire literacy skills.

Detailed explanation-5: -The factors affecting literacy include spread of economy, level of urbanization, standard of living, racial structure, condition of women in society, price mechanism, availability of educational facilities, development of modes of transport and communication, level of technology and public policies.

There is 1 question to complete.