ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Capital investment as percent of GDP The average value for Germany during that period was 23.52 percent with a minimum of 18.56 percent in 2009 and a maximum of 32.7 percent in 1970. The latest value from 2021 is 23.29 percent. For comparison, the world average in 2021 based on 153 countries is 24.18 percent.

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: -What are examples of human capital? Examples of human capital include communication skills, education, technical skills, creativity, experience, problem-solving skills, mental health, and personal resilience.

Detailed explanation-4: -The concept of human capital investment is mainly investment done by a firm or an individual on education/training and to expect a return of that investment in terms of revenue/capital. Human capital consists of three main components: ability, earlier education, and knowledge gained by training on job premises.