Economics · Human Capital Formation
Statement I: Human capital formation contributes to economic growth. Statement II: Investment in education and health increases productivity of workers. Choose the correct option:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Both statements are correct and Statement II explains Statement I✓
- 2Both statements are correct but Statement II does not explain Statement I
- 3Statement I is correct but Statement II is incorrect
- 4Statement I is incorrect but Statement II is correct
Correct answer
Both statements are correct and Statement II explains Statement I
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