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Q.

Population becomes ____ when there is an investment in education, training and medical care.


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Detailed Solution

Population becomes Human Capital when there is an investment in education, training and medical care.
The population is an asset to the economy as it becomes human capital after an investment in education, health care and training. Human capital refers to the workforce that is available to do various jobs, and it also refers to people's skill, knowledge and competence to do labour. Thus, the population can be a productive asset that helps create Gross National Product or national income. Investment in human capital can yield as much or even more return than investment in physical capital. Better-educated and better-trained people have higher incomes because of higher productivity.
 
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