πŸ“š Learning Guide
Skilled Labor and Economic Growth
easy

Arrange the following steps to illustrate how investing in skilled labor can lead to economic growth: A) Increased productivity in industries, B) Higher levels of education and training, C) Improved per capita GDP, D) Enhanced workforce skills.

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Learning Path

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Choose the Best Answer

A

B β†’ D β†’ A β†’ C

B

B β†’ A β†’ D β†’ C

C

D β†’ A β†’ C β†’ B

D

A β†’ C β†’ B β†’ D

Understanding the Answer

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Answer

Investing in skilled labor starts with higher levels of education and training, which helps workers gain important knowledge and abilities. As workers become more skilled, their enhanced workforce skills lead to increased productivity in industries, meaning they can produce more goods and services efficiently. This boost in productivity contributes to improved per capita GDP, which is the average economic output per person in a country. For example, when factory workers receive better training, they can operate machines more effectively, resulting in more products being made and sold. Overall, these steps show how investing in skilled labor can create a cycle of economic growth.

Detailed Explanation

First, we invest in education and training. Other options are incorrect because This option suggests that productivity comes before skills; This choice puts GDP before skills and productivity.

Key Concepts

Skilled Labor
Economic Growth
Human Capital
Topic

Skilled Labor and Economic Growth

Difficulty

easy level question

Cognitive Level

understand

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