Economists cannot measure human capital as such because it refers to the stock of knowledge and skills, embodied in the ability to perform labour. However they measure the labour force by looking at the amount of people able to work between the ages of 18-65, and they can also look at the qualifications that these people hold, so they may be able to make a rough analysis of human capital, measured upon the number people in the labour force and comparing this to the level of education they have received.
the number of telephones it has in relation to its population.
Population
i believe its balance of trade
on a historical basis
Capital per worker is a measure of the amount of capital within an economy. The higher quality capital per worker, the more is produced by each type of worker.
the number of telephones it has in relation to its population.
Population
i believe its balance of trade
on a historical basis
Capital per worker is a measure of the amount of capital within an economy. The higher quality capital per worker, the more is produced by each type of worker.
the amount of a good that is bought
price indicator
Economists measure a nation's standard of living: by calculating GDP per person by calculating per capita income (the best indicator) by calculating average personal income.
it is easier for economists to measure "cost" than "opportunity cost"(because people's tastes are different and changeable)
Economists measure a nation's standard of living: by calculating GDP per person by calculating per capita income (the best indicator) by calculating average personal income.
This is used to measure the amounts of returns they get from their employees. It can sometimes show an inaccurate number.
Per Capita GDP