The Concept of Human Capital Is Meant to Be a Reflection

question 66

True/False

The concept of human capital is meant to be a reflection of a person's talents,skills,and knowledge.

---

Definitions:

Inflation

The tempo at which the cost of general goods and services escalates, undermining the ability to purchase as time progresses.

Expenditures Approach

A method of computing a country's gross domestic product (GDP) by adding up total consumption, investment, government spending, and net exports.

GDP

Gross Domestic Product, a measure of the economic output of a country within a specified period of time.

Net Investment

The total amount spent by a company for purchasing new assets, after accounting for depreciation.