Measurement Problems
Empirical evidence to prove that human capital causes economic growth is rather nebulous because of:
- Lack of data
- Measurement problems — Correct Answer
- Government secrecy
- Absence of human capital
Explanation:
Correct Answer Explanation
Due to measurement problems.
Key Points:
- Education measured in years of schooling, teacher-pupil ratio, enrolment rates may not reflect quality.
- Health measured in monetary terms, life expectancy, mortality rates may not reflect true health status.
- Convergence in human capital measures but no convergence of per capita real income.
📚 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.
