CBSE 2023 Class 12 Economics Delhi Set 1

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Question : 45
Total: 49
State with valid reasons whether, the following statements are true or false:
(a) "Higher productivity and production are the outcome of investment in human resources."
(b) Rising population is not the cause for quality of human capital formation.
Solution:  
(a) True
Reason: Investment in human resources like expenditure on education, health, skill and training make them productive. It leads to higher production. It helps a country to convert its population into productive assets.
(b) False
Reason: Rising population is the cause for quality of human capital formation because increased population reduces the quality of resources which badly affect the quality of human capital formation.
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