ECONOMICS
HUMAN CAPITAL
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
a decrease in Gross Domestic Product (GDP).
|
|
|
an increase in the presence of natural resources.
|
|
|
a decrease in entrepreneurship.
|
|
|
an increase in Gross Domestic Product (GDP).
|
Detailed explanation-1: -The quantity of educated workers boosts the economy’s production because competent people can execute activities more effectively. Equal education and employment opportunities for people of all genders, races, ages, and ethnicities increase the value of an economy.
Detailed explanation-2: -The Relationship Between Education and Economic Growth. Decades of research confirm that increased investment in education leads to increased economic growth. This includes higher salaries for individuals, greater workforce effectiveness, and higher gross domestic product.
Detailed explanation-3: -Education is a contributing factor in achieving developmental goals, such as increased life expectancy, improves health, and reduces fertility among educated mothers. Many studies have shown that parents with high school and higher education have fewer children compared to their counterpart who are illiterate.