Investing in capital goods can increase productivity and / or workforce. These can affect the Gross Domestic Product if quality or number of products increase consequently.
The more you invest in human capital the higher your GDP goes.
it increases it (gdp)
they both have the same influential factors
how do capital and human capital increase the gdp wealth and income of nations
Changes in GDP ,price of domestic goods, exchange rates and direction and size of capital flows
The more you invest in human capital the higher your GDP goes.
it increases it (gdp)
they both have the same influential factors
No, GDP (Gross Domestic Product) is not equal to NNP (Net National Product) minus depreciation. Instead, NNP is calculated by subtracting depreciation from GDP. In other words, NNP = GDP - depreciation, where depreciation accounts for the wear and tear on capital goods. Therefore, GDP represents the total value of all goods and services produced, while NNP provides a measure of the net value after accounting for capital consumption.
it is that the human capital is one thing and the gdp is another thing.
what is GDP
It probably would affect GDP because people getting social security would have more money to spend so they would be able to buy more goods and services. Have a look at GDP in Wikipedia for more information.
how do capital and human capital increase the gdp wealth and income of nations
How does human capital influence a country's GDP positively
Changes in GDP ,price of domestic goods, exchange rates and direction and size of capital flows
the GDP would be overstated
How does human capital influence a country's GDP positively