SE Asia Government and Economics

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What is the definition of human capital?

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the people who make up the work force

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What is the definition of Gross Domestic Product (GDP)?

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the total value of goods and services a country produces every year

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If a country does not invest in its human capital, how can it effect the country's GDP?

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GDP may go down because poorly trained workers will not be able to do their jobs as well.

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What percentage of India's population works in agriculture?

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50%

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How was the Green Revolution an example of investment in human capital in India?

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farmers were given training and new technology to work with

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Where does India rank in the world in terms of industrial production?

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India is one of the world's leading industrial countries

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How did the Four Modernizations affect Chinese agriculture?

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the farmers were given better seeds and equipment

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How did the Four Modernizations affect Chinese industry?

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many factories began to increase the production of consumer goods that were easier to sell, while also using better technology in factories

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What was the purpose of China setting up Special Economic Zones?

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to act as trade centers for global trade

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What is a specific way that Japanese companies have invest in human capital?

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companies provide benefits like health care and recreation facilities