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
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.
Question : Statement 1: Lower percentage of the undernourished population is an indicator of a greater degree of human development.
Statement 2: Higher value of HDI points to a higher rank and a higher level of human development as a consequence of overall growth of the
Question : Which of the following statement are true: Statement 1: Positive outlook is brought about by human capital formation. Statement 2: Human capital formation ensures a higher participation rate.
Question : Statement 1: Investment in human capital reduces economic growth.
Statement 2: Investment in human capital promotes economic growth and development.
Question : What are the major sources of human capital in a country? A: Investment in education B: Investment in health
Question : Which of the following are the elements of economic development? A: Physical capital B: Human capital C: Technology
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