Among all the determinants of economic growth t... - JAMB Economics 2023 Question

Among all the determinants of economic growth, human capital is often considered the most important. Human capital refers to the skills, knowledge, education, and health of the labour force.

A well-educated and healthy workforce is more productive and innovative, contributing significantly to economic growth.

While other factors such as land and natural resources, technologies, and increased GDP are also important, human capital is often seen as a foundational and critical factor for sustained economic development.

Increased GDP (Gross Domestic Product) is a measure of economic output, not a determinant of economic growth.