Convergence Paradox
In developing countries, human capital growth has been faster but:
- Per capita real income growth has also been very fast
- Growth of per capita real income has not been that fast — Correct Answer
- There is no human capital growth
- Both have declined
Explanation:
Correct Answer Explanation
Human capital growth in developing countries has been faster but the growth of per capita real income has not been that fast.
Key Points:
- There is convergence in human capital measures but no convergence of per capita real income.
- This is due to measurement problems and complex causality.
📚 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.
