Human capital formation raises the production level and leads to economic growth by adding to GDP. State true or false.
True
False
Human capital adds to the GDP of the country, which is an indicator of growth.
State true or false with reasons--
1. Nominal GDP can never be less than real GDP.
2. Gross domestic capital formation is always greater than gross fixed capital formation.
Human capital decreases labor productivity. State true or false.
Human capital formation is the process of acquiring and increasing the number of skilled and experienced people. State true or false