Question : Which of the following statement is true?
A: High level of human capital leads to growth of income.
B: Higher income leads to the development of a high level of human capital and vice-versa.
Option 1: Only A correct
Option 2: Only B correct
Option 3: Both are correct
Option 4: None of the above
Answer (1)
23rd Jan, 2024
Correct Answer: Both are correct
Solution :
Human capital has a strong relationship with economic growth, which is why it can help boost the economy. This is due to the fact that people bring a diverse set of skills and knowledge. This relationship can be measured by the amount of money invested in people's education.
Hence option c is the correct answer.
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