Relationship between Human Capital & Growth

Q.

How does investment in human capital contribute to growth?

Q.

Trace the relationship between human capital and economic growth.

Q.

How is human development a broader term as compared to human capital?

Q.

Differentiate between Human Capital and Human Development.

Q.

What Are the Causes of Economic Growth?

Q.

Bring out the differences between human capital and human development.

Q. Who gave the following statement?
"Economic Development is the process by which an economy is transformed from one whose rate of growth of per capita income is small or negative, to one in which a significant self-sustained rate of increase of per capita income is a permanent and long term feature".

1. Paul Baran
2. Irma Adelman
3. None of the above
4. Jacob Viner

Q.

What Are the 3 Main Macroeconomic Goals?

Q. How can we invest in human capital?

Q. A developed economy uses __________ technique in production.

1. traditional
2. labour intensive
3. capital intensive
4. home-based

Q. The following statements true or false? Give reasons.
A good can be an intermediary good in one case and a final good in another case.

1. True
2. False

Q. Which of these is an indicator of economic growth?

1. Sensex
2. Hardening of currency
3. GDP growth
4. Population growth

Q. Greater innovative skills allow human capital to drive economic growth.

1. True
2. False

Q. ___________ is an important factor to promote human development.

1. Education
2. Trade
3. Transport
4. Banking

Q. Which of these is not a stage of capital formation?

1. Consumption
2. Saving
3. Mobilization of savings
4. Investment

Q. Which one of the following is NOT a feature of developing economy?

1. High rate of population growth.
2. High rate of capital formation.
3. Widespread poverty.
4. High rate of unemployment.

Q.

Human capital formation raises the production level and leads to economic growth by adding to GDP. State true or false.

1. True

2. False

Q. Capital formation/investment is intended for_____.

1. both (a) and (b)
2. maintaining the existing standard of living for the additional population
3. improving the existing standard of living for the entire population
4. neither (a) nor (b)

Q. There is no clear causal relationship established between human capital and economic growth.

1. True
2. False

Q. A successful inclusive growth strategy includes which among the following?

1. Equal opportunities
2. Financial inclusion
3. Increasing government spending
4. All the above

Q. State two ways through which an entrepreneur contributes towards economic development.

Q.

Role of human capital formation in economic growth is given by:

1. Improvement in quality of life

2. Rise in life expectancy

3. Greater innovative skills

4. All of these

Q. Human capital is necessary and sufficient for economic growth.

1. True
2. False

Q. Which of the following highlights the importance of human capital formation?

1. Both A and B
2. It ensures social change in desired directions
3. None of these
4. It accelerates economic growth

Q. Larger production of ____________ goods would lead to higher production in future.

1. capital
2. agricultural
3. consumer
4. public

Q. Which of the following capital do you think is the best and why?
(i) Land capital
(ii) Labour capital
(iii) Physical capital
(iv) Human capital

Q.

Economic growth that creates equal employment opportunity and reduces poverty is called _______.

1. inclusive growth
2. aggressive growth
3. none of the above
4. exclusive growth

Q. Which of the following is not a flow?

1. Capital
2. Income
3. Investment
4. Depreciation

Q. Economic growth in country X will necessarily have to occur if ___________________.

1. there is a technical progress in the world economy
2. there is population growth in X
3. there is a capital formation in X
4. the volume of trade grows in the world economy