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.
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
Jobless growth occurs when GDP growth is 'technology driven' rather than 'employment driven'. State True or False.
To alleviate poverty, the government can either target GDP growth or increase spending in social sectors. State true or false.
Rising population positively affects the quality of human capital. State true or false.