One way to achieve faster growth in GDP per person is to increase the

Question

Quizplus · Accepted Answer

The growth rate of human capital, which refers to the knowledge, skills, and abilities of the workforce, is a key determinant of GDP per person. A more educated and skilled workforce can produce more efficiently, leading to higher output per worker and higher GDP per person. Additionally, investing in human capital can lead to technological advancements, which can further boost productivity and economic growth. Therefore, increasing the growth rate of human capital is an effective way to achieve faster growth in GDP per person.

One Way to Achieve Faster Growth in GDP Per Person