Because there is not a precise measure for human capital, the World Bank data and most economists in the field use what information to proxy for human capital?
Because there is not a precise measure for human capital, the World Bank data and most economists in the field use what information to proxy for human capital?
Chapter20: Economic Growth In The Global Economy
Section: Chapter Questions
Problem 8P
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Question
Because there is not a precise measure for human capital, the World Bank data and most economists in the field use what information to proxy for human capital?
a) population size
b) the stock of physical capital
c) the amount of oil produced in the economy
d) educational attainment
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Step 1
There is an absence of precise indicator for human capital.
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