Question : What are the major sources of human capital in a country?
A: Investment in education
B: Investment in health
Option 1: Only A correct
Option 2: Only B correct
Option 3: Both of the above
Option 4: None of the above
Answer (1)
22nd Jan, 2024
Correct Answer: Both of the above
Solution :
Education and health are regarded as critical inputs for a country's development. A more educated person has more skills and knowledge, and thus more opportunities to work and earn a higher income. Similarly, a healthy person is a national asset because he is more productive than a sick person. As a result, education and health spending are important sources of human capital formation.
Hence option c is the correct answer.
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