Question

Human capital can be increased by incurring expenditure on:

• A. increase in GDP
• B. improvement of health
• C. improvement in technology
• D. all of the above

Answer 1

The correct option is B

improvement of health

Expenditure on health makes a man more efficient and, therefore, more productive. His contribution to the production process tends to rise, and he adds more to GDP of the nation than a sick person.