Human Capital Cnn
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Investment
By : Christie Nance ,Sarah Jr. , and Tabia Crumbley
Standard
Explain the relationship between the investment in human capital (education and training ) and gross domestic product (GDP )
Essential Questions
What is the relationship between the investment in human capitol ( education and training ) and gross domestic product ( GDP ) ?
What is a a human capital ?
Human capital is the stock of skills and knowledge ( aka) education and training.
The GDP is a measure of country's economic performance .
Answer to Essential Question
The Human Capital sometimes effects the GDP because of the diversity of the different education systems.The diversity of the human capital achieved by the odd ability increase GDP If the produced intermediate goods are sufficiently substitutable and firms have a large span of control. Hence, as public education equalizes education resources across households, it mitigates the negative effect of income inequality on GDP, while the effects of ability tracking crucially depend on the production structure of the economy.
Thnks
Hope u enjoyed
By : Christie Nance ,Sarah Jr. , and Tabia Crumbley
Standard
Explain the relationship between the investment in human capital (education and training ) and gross domestic product (GDP )
Essential Questions
What is the relationship between the investment in human capitol ( education and training ) and gross domestic product ( GDP ) ?
What is a a human capital ?
Human capital is the stock of skills and knowledge ( aka) education and training.
The GDP is a measure of country's economic performance .
Answer to Essential Question
The Human Capital sometimes effects the GDP because of the diversity of the different education systems.The diversity of the human capital achieved by the odd ability increase GDP If the produced intermediate goods are sufficiently substitutable and firms have a large span of control. Hence, as public education equalizes education resources across households, it mitigates the negative effect of income inequality on GDP, while the effects of ability tracking crucially depend on the production structure of the economy.
Thnks
Hope u enjoyed
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