Case Interview Prep

Category - Economics

Among the indicators of educational attainment as a measure of human capital are the following EXCEPT:
  1. elementary & secondary school enrollment
  2. ratio of scientists/skilled technologists to overall population
  3. average years of schooling
  4. fluctuating rates of legal immigration
Explanation
Answer: D - Fluctuating rates of legal immigration are not indicators of educational attainment as a measure of human capital.

Key Takeaway: The educational attainment of citizens is considered one of the measures of human capital in countries. To assess this capital, a number of tools are used such as the percentage of children enrolled in elementary and secondary schools out of all those eligible by age. Another important tool is the average number of schooling years held by individuals in their prime working years. Finally, the ratio of scientists and skilled technologists to the overall population is another tool to measure human capital.
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