An Example of an Increase in Human Capital Would Be

question 12

Multiple Choice

An example of an increase in human capital would be

• A)a new machine that humans use to produce more capital
• B)an increase in wealth
• C)a more educated labor force
• D)all of the above
• E)both a and c

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Definitions:

Compounded Monthly

A system for calculating interest on a monthly cycle, including the original deposit or loan amount plus the accumulated interest from earlier cycles.

Promissory Note

A written promise to pay a specified sum of money to a designated party at either a fixed or determinable future date.

Maturity Date

The specified date on which the final payment on a loan, bond, or other financial instrument is due and is to be paid in full.

Compound-Interest GIC

A Guaranteed Investment Certificate where the interest is compounded at regular intervals, leading to an increase in the amount earned over time.