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Chapter 31: Q.13 (page 761)

What are some fiscal policies for improving a society鈥檚 human capital?

Short Answer

Expert verified

SPending on education, healthcare, skill development, welfare programs

Step by step solution

01

 Concept Introduction 

Fiscal policy is defined because the policy which is governed by government and that they adjust the tax rates and spending of the nation's economy.

02

Explanation of Solution 

A way of economic policy for encourage the economic process is that the creation of the physical capital. Economic policy increases the govt spending and reduces the charge per unit so as to spice up up the mixture demand which further ends up in increases within the economic output.

When the govt. must finance the borrowing, it are often done throught the loanable funds market which further increases rate of interest and reduces investment demand. When the govt. spends more income on education helps to enhance the productivity of the human.

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