Question

Between 1970 and 2000, the proportion of people graduating with a high school diploma in the US increased from 50% to 80%. There was a marked increase in economic growth during this time period. What is this an example of? It is an example of public investment which increased the supply of workers in the US. It is an example of an increase in human capital, which weakens the law of diminishing returns. It is an example of capital deepening because more physical capital was invested in schools. It is an example of the labour force increasing because people could find jobs more easily. It is an example of an increase in human capital, which increases the productivity of workers.

Answer 1

It is an example of an increase in human capital, which increases the productivity of workers. human capital describes employees' knowledge, skill sets and motivation that provide economic value to a firm. Improving employees' human capital will result in higher morale, increased productivity and a sense of belonging to a firm. human capital is not static and can be improved through education. Improving employees' human capital will result in higher morale, increased productivity and a sense of belonging to a firm. Human capital is not static and can be improved through education. increase number of graduation means increase in people education which leads to increase in production and leads to economic growth.

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