Final answer:
The correct answer to the question is option C): Current human capital reflects your current skills and knowledge, whereas future human capital represents the potential for growth and further development through education and training.
Step-by-step explanation:
Current human capital reflects an individual's present skills, knowledge, and abilities that they have acquired through education, training, and experience. Future human capital, on the other hand, represents the skills and knowledge one can gain through future investments in education and training, indicating a potential for growth. For example, completing higher levels of education, such as attending college, is an investment that increases one's human capital, which is expected to result in enhanced productivity and higher earnings.
The rise in the proportion of the U.S. population obtaining high school and college degrees since 1970 reflects this concept of human capital deepening. While average work experience has not significantly changed, the focus on gaining additional education and training has been pivotal to deepening the human capital in the U.S. economy, as shown by Caroline Krafft's insights and the provided data.
To answer the student's question, option C): Current human capital reflects your skills and knowledge now, while future human capital represents your potential growth, is the correct choice.