||Assignment #5 Production and Growth 1) With regards to human capital and productivity, answer the following questions a) What is the difference between labor and human capital? b) How can human capital be increased? c) Would a shift from investment in capital goods to investment in education increase or decrease the growth rate of real GDP per capita? d) Which of the following economic growth and why? are likely to improve the productivity of labor and thereby lead to on-the-job experience vocational school a decrease in the amount of capital per worker improvements in management of resources 1 11. 111. iv.