HomeworkLib
Question

India's population is over 1.3 billion, while the population of the United States is about 300...

India's population is over 1.3 billion, while the population of the United States is about 300 million. This fact means that India has much more human capital than the U.S. does. True or false? Explain your answer.
business   economics   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

Dear students, as we know that Human capital is defined as the experience, knowledge and skills that are embodied in the ability of human beings or employee of an industry to perform labour so as to produce the economic value. It plays an important role in achieving the goals and objectives of an economy.This clearly indicates that Human Capital does not refers to the population present in a country rather it refers to the experienced persons that can contribute to the economic development of an economy.

So far as India and US are concerned , India's population is 1.3 billion while that of US is 300 million , this does not mean that India has much more human capital than that of US because as said earlier human capital refers to skilled persons of a country not the increased population. It may be possible that US may contain more skilled persons than India. Hence, Human capital of US may be more than that of India.

Thus, the given statement is not true, because higher population does not mean more Human Capital rather more knowledgable and skilled persons mean higher Human Capital.Hence, it is not mandatory that India's Human Capital is more than that of US.

0 0
Add a comment
Know the answer?
Add Answer to:
India's population is over 1.3 billion, while the population of the United States is about 300...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • GDP in the United States was $16,150 billion in 2012, and $19,400 billion in 2017. Over...

    GDP in the United States was $16,150 billion in 2012, and $19,400 billion in 2017. Over that same five years, population rose from 314 million people to 326 million, and prices rose by a total of 7.8%. The average annual rate of real per-capita growth from 2012-2017 was: a) 1.0% b) 1.4% c) 1.5% d) 2.1% e) 7.3%

  • True or False? If the U.S. population is about 300 million, then currently there is about...

    True or False? If the U.S. population is about 300 million, then currently there is about 5% of the population in long-term care.

  • in 1990, the population of the the United States was about two hundred fifty million people...

    in 1990, the population of the the United States was about two hundred fifty million people (250,000,000). The first release from census 2000 shows that the U.S. population is 281,400,000. What is the rate of change in the population during that 10 year period.

  • During some year a country had exports of $105 billion, imports of $140 billion, and domestic...

    During some year a country had exports of $105 billion, imports of $140 billion, and domestic investment of $200 billion. Therefore its saving during the year was $165 billion. Select one: True False n the United States before 1980, national saving and domestic investment were very close, and so net capital outflow was large (in absolute value terms).          Select one: True False If both domestic investment and net capital outflow decrease then national saving must increase. Select one: True False...

  • Real GDP in the United States was $17,688.89 billion in 2016 and $18,108.082 billion in 2017....

    Real GDP in the United States was $17,688.89 billion in 2016 and $18,108.082 billion in 2017. The total population of the United States was approximately 323.32 million in 2016 and increased to 325.42 million people in 2017. Calculate the total economic growth rate of the U.S. between 2016 and 2017. What was the rate of population increase between the two years? Calculate the levels of Real GDP per capita for the U.S. in 2016 and 2017. What was the growth...

  • Indicate whether the following statements about income distribution, population and poverty are true or false. True...

    Indicate whether the following statements about income distribution, population and poverty are true or false. True 1. About 2.5 billion people, or more than a third of the world's population, live on $2 or less a day. False 2. The richest 20 percent of the world's population receive more than 80 percent of the world's income. 3. The United States with around 5 percent of the world's population produces approximately 25 percent of the world's output. 4. All DVCs lack...

  • Over the last 115 years, per capita energy use in the United States has more than...

    Over the last 115 years, per capita energy use in the United States has more than tripled, with most of the increases occurring in the last 30 years. True or False True False

  • The table shows the population P (in millions) of the United States from 1800 to 1870 where t rep...

    i need 13,14 and 15 please The table shows the population P (in millions) of the United States from 1800 to 1870 where t represents the number of years since 1800. Source: U.S. Bureau of the Census 5.3 10 7.2 9.6 30 129 40 17.0 50 23.2 60 31.4 70 39.8 12. Use a graphing calculator to find an exponential growth model and a logistic growth model for the data. Then graph both models. 13. Use the models from part...

  • We have prepared an article about the general economic situation of India. Now, as a second...

    We have prepared an article about the general economic situation of India. Now, as a second assignment, our teacher asks for a general comment and a question that has not been asked before and the answer to that question. It is very important not to be short. We should comment according to the information in the photo. We have to ask a question and answer that question again with a comment. a very urgent job. 1-Export Performance In recent years....

  • 1 India'sComparativeAdvantage   Having read or heard about American companies outsourcing jobs to India, we may...

    1 India'sComparativeAdvantage   Having read or heard about American companies outsourcing jobs to India, we may think that outsourcing alone is responsible for India's incredible economic growth, but Indian companies are responsible for more than we realize. Review the three segments of the case and write your responses as instructed.   Nations and businesses engage in international trade to obtain raw materials and goods that are otherwise unavailable to them or available elsewhere at a lower price than that at...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT