What constitutes a country's social capital?
- AProportion of literates in the population
- BStock of buildings, machines and other physical infrastructure
- CSize of the working-age population
- DLevel of mutual trust and harmony in societyCorrect
Explanation
Correct. Social capital refers to the networks of relationships, norms of reciprocity, mutual trust, and social harmony within a society. It was popularized by scholars like Robert Putnam and James Coleman. Higher social capital reduces transaction costs, facilitates cooperation, and contributes to economic growth and development by enabling collective action and good governance.