Question

Suppose a politician proposes that we make college education free for all students. What impact would this proposal have on the level of human capital and the rate of growth in the country?

Several societies around the world make it very difficult for women and girls to become educated. What impact would this have on economic growth in these countries?

Suppose that the government decides to cut spending on research and development. What impact would this have on future economic growth?

Answer 1

Suppose a politician proposes that we make college education free for all students. What impact would this proposal have on the level of human capital and the rate of growth in the country?

• Professional education will be in reach of masses
• Greater part of population will have an opportunity for skill development
• With more skills, training and development, the level of human capital in the economy will rise
• Human capital index will improve
• More people will be productive and also that, people will be more productive
• Capital efficiency ratio will improve in the economy
• GDP and per capita income will improve substantially

Several societies around the world make it very difficult for women and girls to become educated. What impact would this have on economic growth in these countries?

• Approximately half of the potential workforce will remain unproductive or less productive
• The prospects for speedier economic growth will be dented
• Women and girls will have no option but to engage them in unproductive or less productive work, causing their sub-par role in the economic growth of the country
• Without woman-empowerment, economic growth will be slower, or even stalled
• Uneducated or less educated women might become, unfortunately, a reason of a weaker primary education training to even their male children in the family.
• Such countries may feel deserted in the international economic forums too.

Suppose that the government decides to cut spending on research and development. What impact would this have on future economic growth?

• Lagging behind in the international competition
• Threat on future economic growth
• Poor adaptability in case of modern technologies worldwide
• Weaker internal system to fight against the global recession and pandemics
• Domestic economy becoming more vulnerable to economic shocks
• Slower or no rise in the living standard of people