Question

QUESTION 11.1 POINT One way to measure human capital is to look at the average levels of in an economy. Select the correct answer below: O knowledge O education O income O opportunity

Answer 1

11) Education

At different time period for different studies done by number of researchers uses different educational charcterstics such as "School Enrollment Ratio", "Return on investment in education" and many more to measure the level of human capital.

13) Firm X lowers its wages for some of its worker which causes some of its best employees to move to other companies

Adverse selection could be best charactersied by the fact that adverse selection benefits the most at the expense of other.

In very simple language, Suppose in one department of company X , there are 10 employeesThere are 3 employees who are extremely efficient in their work but other 7 are not. Due to the poor performance of the department company decided to lower the wages of entire department but it would lead to 3 efficient people looking for a better job.

# Index Question ( Question Number is not visible.)

Index = ( Total Expendituret / Total Expenditure2)*100

{Note - In Index formula Total expenditure of period 2 is taken because it is given that 2nd time period is the base period.}

In period 1

Index =(3100/3350)*100 = 92.5

In Period 2

Index =(3350/3350)*100= 100

In Period 3

Index = (3400/3350)*100 = 101.5

In Period 4

Index = (3500/3350)*100 = 104.47

Q-38) Life Expectancy & Literacy Rate

GDP doesnot measure well being and standard of living.

Standard of living and well being could be proxied through Life expectancy rate and literacy rate.

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