What is true about human capital?(1 point)

Question

Responses

Improvements to human capital leads to improvements in technology, but not generally to improvements in productivity.
Improvements to human capital leads to improvements in technology, but not generally to improvements in productivity.

Improvements to human capital leads to improvements in standard of living, but not generally to improvements in productivity.
Improvements to human capital leads to improvements in standard of living, but not generally to improvements in productivity.

Improvements to human capital leads to improvements in the welfare of consumers, but not generally to improvements in productivity.
Improvements to human capital leads to improvements in the welfare of consumers, but not generally to improvements in productivity.

Improvements to human capital leads to improvements in productivity and improvements in standard of living.
Improvements to human capital leads to improvements in productivity and improvements in standard of living.

Answer 1

The statement that is true about human capital is:

Improvements to human capital leads to improvements in productivity and improvements in standard of living.

Investing in human capital—such as education, training, and health—enhances the skills and abilities of individuals, which can increase their productivity. As productivity improves, it can contribute to higher economic output, which in turn can lead to improvements in the standard of living.