If the time allocated to human capital accumulation increases

Name: If the time allocated to human capital accumulation increases
Brand: Quizplus
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Question

Quizplus · Accepted Answer

When the time allocated to human capital accumulation increases, there is an initial decrease in output as workers spend more time on education and training rather than production. However, in the long run, human capital accumulation leads to higher productivity and economic growth, resulting in output growing at a higher rate than it would have otherwise.

If the Time Allocated to Human Capital Accumulation Increases