Labor skills are a major component of ?
Correct answer: B. population quality
- A. fertility
- B. population quality
- C. mortality
- D. morbidity
Explanation
Education, training and skills improve the abilities and productivity of people, so they are components of population quality or human capital. Fertility, mortality and morbidity describe demographic and health characteristics instead.
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About Macroeconomics
The economy is studied as a whole through national income, gross domestic product, inflation, unemployment, economic growth and business cycles. Coverage includes aggregate demand and supply, consumption and investment, money and banking, fiscal and monetary policy, exchange rates and balance of payments, which distinguishes macroeconomics from the study of individual markets.
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