Choose the given statement as true/false:

Human resource mskes additions to the Gross Domestic Product

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True

False

answer is A.

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Detailed Solution

The above statement is true.
The largest group of the nation's population are those who are employed. When we discuss the capabilities of individuals, we relate mainly to this actively engaged population. Human resource is what uses physical assets like land and capital. The latter are unable to develop into use on their own. Human capital is produced by fruitfully investing in people. The people who make up this productive population contribute to the GDP through their productive talents and abilities (GDP). The GDP is the total amount of all commodities and services a nation produces in a given year. When we invest in people's education, training, and health care, they turn into a nation's greatest resource or asset.

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