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Higher levels of education and training lead to increased human capital. As a country invests more in developing the skills and abilities of its workforce through education, the overall productivity and economic output of that country, as measured by its gross domestic product (GDP), also increases. Countries that devote more resources to education and job training will see greater returns in the form of higher GDP over time as workers bring more knowledge and abilities to their jobs.
Higher levels of education and training lead to increased human capital. As a country invests more in developing the skills and abilities of its workforce through education, the overall productivity and economic output of that country, as measured by its gross domestic product (GDP), also increases. Countries that devote more resources to education and job training will see greater returns in the form of higher GDP over time as workers bring more knowledge and abilities to their jobs.
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Higher levels of education and training lead to increased human capital. As a country invests more in developing the skills and abilities of its workforce through education, the overall productivity and economic output of that country, as measured by its gross domestic product (GDP), also increases. Countries that devote more resources to education and job training will see greater returns in the form of higher GDP over time as workers bring more knowledge and abilities to their jobs.
Copyright:
Attribution Non-Commercial (BY-NC)
Verfügbare Formate
Als PPT, PDF, TXT herunterladen oder online auf Scribd lesen
STANDARD Explain the relationship between the investment in human capital (education and training) and gross domestic product HUMAN CAPITAL The health, strength, education, training, and skills that people bring to their jobs. GROSS DOMESTIC PRODUCT A measure of the economic production of a particular territory in financial capital terms over a specific time period. RELATIONSHIP More education and workers increase the overall economy and GDP.