Which of the Following Involves the Creation of Human Capital

question 252

Multiple Choice

Which of the following involves the creation of human capital?

• A) The XYZ Corporation upgrades the machinery on its assembly line.
• B) Jones receives apprenticeship training as a carpenter.
• C) Smith buys 30 shares of common stock.
• D) A retired person decides to reenter the labor force.

---

Definitions:

Tax Burden

The total amount of taxes that individuals, corporations, or other entities are legally obligated to pay to governmental authorities.

GDP

Gross Domestic Product; the total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period.

Total Government Spending

The sum of all expenditures made by the government in a specified period, including spending on goods and services, public projects, and social assistance programs.

Economy's Total Output

The total value of all goods and services produced within an economy over a specific period, often measured as Gross Domestic Product (GDP).