The correct option is (a).
Explanation
The "quality of population" refers to the overall capability and productivity of the people in a country. It is a core component of human capital formation, determined primarily by investments in education, healthcare, and skill development.- Statement 1 is correct: The quality of population depends directly on the literacy rate, health status (often indicated by life expectancy), and the skills acquired by the people. These factors determine the productivity and efficiency of the workforce.
- Statement 2 is incorrect: The quality of the population ultimately decides the growth rate of the country. A skilled and healthy population contributes significantly to the Gross National Product (GNP) and economic development, whereas an illiterate and unhealthy population can stagnate growth.
- Statement 3 is incorrect: A literate and healthy population is considered an asset to the economy, not a liability. Investment in human resources (via education and medical care) yields high returns in the future, similar to investment in physical capital. Conversely, an uneducated and unhealthy population is viewed as a liability.
Key Takeaway: Human capital, built through education and health, transforms a population from a potential liability into a productive asset that drives national economic growth.