ECONOMICS
GDP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Buying new computers
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Paving roads
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Purchasing new textbooks
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Education and healthcare
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Detailed explanation-1: -Answer: Spending on education, training, and health care constitutes an investment in human capital.
Detailed explanation-2: -Pursuing formal education (early childhood, formal school system, adult training programmes) but also informal and on-the-job learning and work experience all represent investment in human capital.
Detailed explanation-3: -Population becomes human capital when there is investment made in the form of education, training and medical care.
Detailed explanation-4: -Health is a very important source for human capital formation. A healthy person will always be more productive and contribute to the nation than an unhealthy person. Expenditure on health will directly supply the nation with a healthy workforce.
Detailed explanation-5: -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.