Question

Identify the sources of Human Capital Formation and choose the correct alternative to fill in the blanks: 
 

• A. Expenditure on Health and Expenditure on Schools
• B. Expenditure on Technology and Expenditure on Knowledge
• C. Expenditure on Migration and Expenditure on Knowledge
• D. Expenditure on Health and Expenditure on Migration

Hint:

Human Capital Formation includes investments in health, education, training, and migration to enhance productivity and economic growth.

Answer 1

The Correct Option is D

Human Capital Formation refers to the development of skills, knowledge, and health in individuals to improve productivity. Key sources include: Expenditure on Health: Ensures a healthy workforce capable of contributing effectively to the economy. 
Expenditure on Migration: Helps in reallocating skilled labor to areas with better opportunities, optimizing productivity.