A country that increased its literacy rate and thereby its average human capital would probably
A)Decrease GDP.
B)Increase GDP.
C)Have not impact on GDP.
D)None of the choices are correct.

Question

Quizplus · Accepted Answer

An increase in human capital through a higher literacy rate can lead to an increase in productivity and innovation, ultimately resulting in an increase in GDP. This is because a more educated and skilled workforce can produce goods and services more efficiently, attract more investment, and create more job opportunities, leading to overall economic growth.

A Country That Increased Its Literacy Rate and Thereby Its