Question

Explain how human capital is contributing to gross national product by citing 2 examples

Answer 1

A Very good economy of Israel is an example of human capital and gross national product relationship. Israel lacks natural resources, but it has invested in human capital, which is now working for a series of different services industries, and technology related business, which gave the nation a high GDP. It has has a 96.9% literacy rate.
Saudi Arabia is one of the leading oil exporters. But, extraction and purification of oil is a technical process, and therefore, Saudi invested in its human capital for making it skillful enough for achieving success in the business.