Human Capital and Economic Growth
Economic growth means:
- Decrease in population
- Increase in real national income of a country — Correct Answer
- Increase in imports only
- Decrease in government spending
Explanation:
Correct Answer Explanation
Economic growth means the increase in real national income of a country.
Key Points:
- Contribution of an educated person to economic growth is more than that of an illiterate person.
- Both education and health increase income generating capacity.
- Enhanced human capital stimulates innovations and creates ability to absorb new technologies.
📚 About this Topic — CH-4: HUMAN CAPITAL FORMATION IN INDIA
This multiple choice question is from CH-4: HUMAN CAPITAL FORMATION IN INDIA, Indian Economic Development, NCERT Books. It has 4 options with a detailed explanation of the correct answer. Practice more MCQs from CH-4: HUMAN CAPITAL FORMATION IN INDIA to strengthen your preparation.
