Investment in human capital implies:
a. investment on machines, technological development, and equipments.
b. expenses on education.
c. expenses on paying interest for hiring real capital.
d. expenses on the purchase of land.
e. profit of the entrepreneurs.
b
You might also like to view...
Here is what we know about a household: wages $25,000, unemployment insurance benefits $3,000, dividend income $4,000, income tax $5,000. What is the contribution to GDP of this household following the expenditure approach?
A) $24,000 B) $25,000 C) $28,000 D) $29,000
Suppose, over the past year, the real interest rate was 3 percent and the inflation rate was 1 percent
a. The dollar value of savings increased at 2 percent, and the value of savings measured in goods increased at 3 percent. b. The dollar value of savings increased at 1 percent, and the value of savings measured in goods increased at 2 percent. c. The dollar value of savings increased at 3 percent, and the value of savings measured in goods increased at 1 percent. d. The dollar value of savings increased at 4 percent, and the value of savings measured in goods increased at 3 percent.