00:01
All right here we are asked in the long run, which of the following will not raise living standards of a country? living standards.
00:08
So the living standards of a country are tied to its gdp.
00:14
So basically, if the gdp increases and the gdp per capita increases, if the gdp per capita increases, if the gdp increases, and if the gdp increases, and if the gdp.
00:33
Per capita increases, then we have a strong argument for saying that we can say then the living standards will increase.
00:45
So the basic idea is that with these options here, are they going to raise the gdp and raise the gdp per capita? well, more skill training programs.
00:58
That means that the skills of the population are going to.
01:03
Going to increase, which means that more people are going to be producing more things.
01:08
So that means that, okay, that's a strong argument for the gdp per capita.
01:12
Now number b is more equipment and machines...