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Chapter 20: Q. 28 (page 497)

Why is investing in girls’ education beneficial for growth?

Short Answer

Expert verified

Improves productivity and hence economic growth.

Step by step solution

01

Step1. Introduction

Economic growth is a quantitative phenomenon which tracks the growth of economy in terms of the rise of factors like GDP, Per capita income, etc.

02

Step2. Explanation

Investing in educating girls' increases the skilled labor availability, and improves their productivity. Higher productivity leads to increased economic activity and production. This further pushes the total goods and services produced, i.e. the GDP.

Education hence leads to human capital formation, thus improving GDP number.

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Most popular questions from this chapter

Refer back to the Work It Out about Comparing the Economies of Two Countries and examine the data for the two countries you chose. How are they similar? How are they different?

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