Human capital refers to the skills and knowledge acquired by individuals through education and experience, which can be used to produce goods and services, and ultimately increase a country's GDP. It is not the machinery or equipment used in production, but rather the intangible asset of knowledge and expertise possessed by the workers.

Solved

Human Capital Is the

Question 72

Multiple Choice

Human capital is the

A) machinery used by humans to produce GDP.
B) technology used by humans to produce GDP.
C) skill and knowledge accumulated by humans.
D) plant and equipment produced by humans and not by machines.
E) technology used by humans to produce real GDP.

Correct Answer: