The opportunity cost of human capital augmentation is future gross domestic product (GDP).

Question

Quizplus · Accepted Answer

The opportunity cost of human capital augmentation is the alternative uses of resources (time, money, effort) that could have been spent on other investments or consumption rather than on improving skills and education. Future GDP is a potential outcome or benefit of human capital augmentation, not its opportunity cost.

The Opportunity Cost of Human Capital Augmentation Is Future Gross