The more you invest in human capital the higher your GDP goes.
it increases it (gdp)
they both have the same influential factors
how do capital and human capital increase the gdp wealth and income of nations
the GDP would be overstated
The more you invest in human capital the higher your GDP goes.
it increases it (gdp)
they both have the same influential factors
it is that the human capital is one thing and the gdp is another thing.
what is GDP
It probably would affect GDP because people getting social security would have more money to spend so they would be able to buy more goods and services. Have a look at GDP in Wikipedia for more information.
how do capital and human capital increase the gdp wealth and income of nations
How does human capital influence a country's GDP positively
the GDP would be overstated
Changes in GDP ,price of domestic goods, exchange rates and direction and size of capital flows
How does human capital influence a country's GDP positively
GDP is the amount of goods and services produced in a year within a country. When people are unemployed, it means there don't have any income so they can't purchase any good and services. Since income reduces, the demand curve shifts to the left and producers react to this reduction of demand by decreasing production (how many goods and services they are producing), therefore unemployment has a negative affect on GDP and reduces it.