Question

To measure the amount of human capital available in a country, it would be best to determine _____.

Answer 1

To measure the amount of human capital available in a country, it would be best to determine the literacy rate of that country.


If you want to calculate the human capital of the country, the foremost thing you can do is to find the elements which are important in order to calculate the human capital. These elements include the number of people with higher education in a country, students, academics, research activity, the degree of utilization of potential labor resources, etc. Once the identification process is done, you have to select the variables which are quite related to the human capital, which includes the number of university students for 10,000 people, employment in Research and development per 1,000 economically active people.

Answer 2

To measure the amount of human capital available in a country, it would be best to determine the literacy rate of that country. The Percentage of population aged 15 years and over who can both read and write with understanding a short simple statement on his/her everyday life. Generally, this would help in measuring human capital.