Which of the following statements are appropriate when considering people as a resource for the economy?

  1. Investment in education and health improves the productive capacity of the population.

  2. Human capital refers to the skills and knowledge possessed by individuals.

  3. The productivity of a country is solely dependent on its natural resources.

  4. Population can contribute to the creation of the Gross National Product.

Options:

  1. Statements i and ii are appropriate.

  2. Statements i, ii, and iv are appropriate.

  3. Statements ii and iii are appropriate.

  4. Statements iii and iv are appropriate.

Answer:

Answer by Student

The correct answer is (B): Statements i, ii, and iv are appropriate.

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Davneet Singh

Davneet Singh has done his B.Tech from Indian Institute of Technology, Kanpur. He has been teaching from the past 14 years. He provides courses for Maths, Science, Social Science, Physics, Chemistry, Computer Science at Teachoo.