Asked by Carissa Galvan on May 25, 2024

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The country of Yipi can raise its productivity by investing more in:

A) both human and physical capital.
B) human capital only.
C) physical capital only.
D) stable foreign economies.
E) stocks and bonds rather than physical assets.

Productivity

The efficiency with which input resources are converted into outputs, often measured as output per hour worked.

Human Capital

The skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value or cost to an organization or country.

Physical Capital

Tangible assets such as buildings, machinery, and equipment used in the production of goods and services.

  • Comprehend the necessity of allocating resources to both human and physical capital to enhance economic progress.
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MS
mandeep sandhuMay 26, 2024
Final Answer :
A
Explanation :
Investing in both human and physical capital can lead to an increase in productivity. Human capital refers to investment in education, training, and healthcare for the country's population, while physical capital refers to investment in infrastructure and technology. Both of these types of investments can improve productivity and contribute to economic growth. Factors such as stable foreign economies and investments in stocks and bonds may also have an impact, but they are not as directly related to productivity as investments in human and physical capital.