Human capital refers to which of the following?
A) the quantity of goods and services that can be produced by one worker or by one hour of work
B) the accumulated knowledge and skills workers acquire from education and training or from their life experiences
C) manufactured goods that are used to produce other goods and services
D) physical equipment that is made by human laborers,not machines
Correct Answer:
Verified
Q17: According to the "Rule of 70," how
Q18: Which of the following increases labor productivity?
A)an
Q19: If real GDP per capita doubles between
Q20: If real GDP grows by 3% in
Q21: Which of the following does not describe
Q23: Long-run economic growth requires all of the
Q24: According to the "Rule of 70," it
Q25: India's rapid growth can be explained by
A)reduced
Q26: Which of the following describes the growth
Q27: Potential GDP refers to
A)the level of GDP
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