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Which of the following is the BEST example of how human capital could affect Gross Domestic Product in Israel?
A Investment in human capital has little effect on Israel's GDP.
B Israel's GDP will improve if they have well-trained workers because their economy depends on advanced tech
Israel's GDP may go down because poorly trained workers will not be able to do their jobs well.
D Most Israelis want to keep their jobs and do not care about GDP.

Answer 1

The BEST example of how human capital could affect GDP in Israel is through well-trained workers in advanced technology sectors.

Step-by-step explanation:

The BEST example of how human capital could affect Gross Domestic Product (GDP) in Israel is Option B: Israel's GDP will improve if they have well-trained workers because their economy depends on advanced technology.

Human capital refers to the knowledge, skills, and abilities of individuals and its impact on productivity and economic growth. In the case of Israel, which heavily relies on advanced technology sectors like high-tech manufacturing and software development, having well-trained workers with expertise in these areas is crucial for the country's GDP to improve.

By investing in human capital, Israel can ensure that its workforce is equipped with the necessary skills to meet the demands of technologically advanced industries, leading to increased productivity and overall economic growth.

Learn more about The impact of human capital on GDP in Israel