1.Education is commonly regarded as increasing one’s human capital. The term, human capital, is best defined as Any machinery owned by individuals A worker’s knowledge and skills. The money an individual pays to acquire skills. Capital equipment used for to train workers.

1.Education is commonly regarded as increasing one’s human capital. The term, human capital, is best defined as Any machinery owned by individuals A worker’s knowledge and skills. The money an individual pays to acquire skills. Capital equipment used for to train workers.

Macroeconomics

13th Edition

ISBN:9781337617390

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter17: Economic Growth: Resources, Technology, Ideas And Institutions

Section17.2: A Production Function And Economic Growth

Problem 2ST

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1.Education is commonly regarded as increasing one’s human capital. The term, human capital, is best defined as

Any machinery owned by individuals

A worker’s knowledge and skills.

The money an individual pays to acquire skills.

Capital equipment used for to train workers.

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