(a). The following information is given about country X and Y Indicators Life Expectancy at Birth Adult Literacy Ratio Gross Enrolment in Education GDP Per Capita(ppp$) X 65.6 Years 83.6% 69.6% 2622 Y 77 Years 71.3% 55.2% 3500 I (1). Determine Life Expectancy Index, Education Index and Income Index for Country X (ii). Determine Life Expectancy Index, Education Index and Income Index for Country Y (iii). Calculate the HDI for each country and interpret your results (iv). Discuss the performance of each country and provide policy prescriptions that reduces poverty and enhances development

(a). The following information is given about country X and Y Indicators Life Expectancy at Birth Adult Literacy Ratio Gross Enrolment in Education GDP Per Capita(ppp$) X 65.6 Years 83.6% 69.6% 2622 Y 77 Years 71.3% 55.2% 3500 I (1). Determine Life Expectancy Index, Education Index and Income Index for Country X (ii). Determine Life Expectancy Index, Education Index and Income Index for Country Y (iii). Calculate the HDI for each country and interpret your results (iv). Discuss the performance of each country and provide policy prescriptions that reduces poverty and enhances development

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Related questions

Q: Conduct a web search and summarize the core-periphery spatial relationship of each of the four (4)…

A: The core-periphery spatial relationship refers to the division of countries or regions into core…

Q: Broader measures of economic prosperity and wellbeing advise your client on some other…

A: Well-being refers to the overall quality of an individual's life, encompassing physical, emotional,…

Q: Calculate the absolute change in the percent of the world population that lives in India between…

A: The population growth is both a boon and a curse to a nation as it has contradictory effect on its…

Q: According to the Department of Statistics Malaysia (DOSM), as of 2020, the country’s share of…

A: AE or Allocative efficiency refers to the ability of farmers in efficiently allocating the resources…

Q: The table below shows the population of Colonial America for each decade from 1610 to 1780. These…

A: Step 1:The formula for the average annual rate of change is:Average annual rate of change = Change…

Q: How to find the effective interest rate of a bond

A: An effective interest rate of an investment is the real return on a the interest-paying investment…

Q: Total population using economic base analysis Total employment using economic base analysis Total…

A: The expected or forecasted population for a certain future year is referred to as the projected…

Q: Perfect Population Projections Incorporated (PPP) has entered into a contract with the city of…

A: The expected or forecasted population for a certain future year is referred to as the projected…

Q: Amongst these variables which of the components are used to calculate quarterly national growth…

A: Quarterly national growth rate: National Growth Rate is defined as the monetary value of all…

Q: C I G NX…

A: From year 1 to year 3, the growth rate of Real GDP is negative which implies a fall in the Real GDP…

Q: ous cross-country comparisons, but that does not mean that we have to restrict our analysis to…

A: To calculate the average growth rate of your company, you first need to divide the present by the…

Q: how do i get urbanization (% population)

A: Urbanization refers to the process of increasing the proportion of a country's population that lives…

Q: GDP can be used for all of the following measurements, except: A) Business Cycles B) Living…

A: Gross domestic product is measures the value of goods and services produce with in the boundary of…

Q: Consider the following national accounts data for Westeros Westeros' National Accounts (2019) GOP…

A: The expenditure method is a system for computing gross domestic product (GDP) that adds consumption,…

Q: 1. GDP per capita and quality of life The following table lists gross domestic product (GDP) and…

A: Step 1:Gross Domestic Product (GDP) per capita is a measure of the average economic output per…

Q: Which government agency or private group manages the economic indicator data? How is the economic…

A: An economic indicator is basically a portion of economic data, often on a macroeconomic scale, that…

Q: Because there isn't one single measure of inflation, the government and researchers use a variety of…

A: GDP and CPI:In economics, GDP in full form is Gross Domestic Product and measures the value of…

Q: Indicate what components of GDP (if any) each of the following transactions would affect. Check all…

A: GDP i.e Gross Domestic Product is one of the most widely used indicators of economic performance…

Q: t (years since 2008) GDP (trillion dollars) 0.25 0.5 0.75 1 14.67 -14.81 14.84 14.55 14.38 (a)…

A: Relative change is computed by subtracting the value of the indicator in the first period from the…

Q: Suppose that when Jane is presented with the following two menus, her choices from them are as below…

A: The axioms of rational choice are fundamental principles that underpin the theory of consumer…

Q: Under Economic Growth mean constantly increasing volume of production in a country, or an increase…

A: The article examines the concepts of economic development and growth, emphasizing the distinctions…

Q: Use the production function of the hypothetical economy 1000 represented in the graph to answer the…

A: Answer: Introduction: The steady-state level of output: steady-state capita is the state where…

Question

(a). The following information is given about country X and Y
Indicators
Life Expectancy at Birth
Adult Literacy Ratio
Gross Enrolment in Education
GDP Per Capita(ppp$)
65.6 Years
83.6%
69.6%
2622
Y
77 Years
71.3%
55.2%
3500
I
(1). Determine Life Expectancy Index, Education Index and Income Index for Country X
(ii). Determine Life Expectancy Index, Education Index and Income Index for Country Y
(iii). Calculate the HDI for each country and interpret your results
(iv). Discuss the performance of each country and provide policy prescriptions that reduces
poverty and enhances development

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

Step 2

Step 3

Step 4

Step 5

Step 6

Step by step

Solved in 6 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.

Similar questions

Which type of statistic measures the financial-economic interdependence between the US and the countries of Latin America? Select one: a. % households with Internet access b. % exports in GDP c. % tourism in exports d. % personal remittances in GDP
gross private domestic investment $1593 personal taxes 1113 transfer payments 1683 taxes on production & imports 695 corporate income taxes 213 personal consumption expenditures 7304 consumption of fixed capital 1393 US Exports 1059 dividends 434 government purchases 1973 net foreign factor 10 undistributed corporate profit 290 sociual security contributions 748 US imports 1483 statistical discrepency 50 Refer to the accompanying national income data (in billions of dollars) CORPORATE PROFITS are equal to?
19
HDI vs GNI formula to create scatterplot
The populations of Abu Dhabi (National, Non-National, and Total) and UAE are shown in the following table Year Abu Dhabi UAE Nationals Non-nationals Total 1980 89880 361,056 1985 114090 430,054 1990 185944 556,389 1995 218716 719,836 2000 282,396 846,267 2005 343237 1,049,207 1,016,789 1,350,433 1,811,457 2,350,192 3,050, 127 4,481,976 What are the average annual population growth rates in Abu Dhabi (National Non-National, Total) and in the UAE during 1980-1985, 1985-1990, 1990-1995, 1995-2000 and 2000-2005? Only give the answer for the underlined groups.
Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
Performance of Key Sectors Exports of manufactured goods surpassed RM1 tril mark for the first time Manufactured Goods Manufactured Goods RM848.84 bil RM1.067 tril 个25.6% 123.4% 86.1%* 86.0% EXPORTS IMPORTS RM1.240 tril RM987.24 bil 5.6% 7.9% 5.4% 6.2% Others . Agriculture Goods RM4.71 bil RM98.10 Others Ágriculture Goods RM60.97 bil 个12.3% 136.8% RM24.40 bil Mining Goods RM69.79 bil 158.7% 125.0% 119.5% Mining Goods RM53.04 bil Note: * share 19.0% 1. ANALYSE THE PERFORMANCE OF THE KEYS SECTORS ABOVE
1. Give two examples of any facts (data) on older-adults (65+) population that surprised you or you did not expect. Erber provides a lot of data on topics including: demography and population trends, Baby Boomers, residence patterns, as well facts on health, education, gender, and poverty.
Question 2 For each of the following variables, indicate whether the data are time series or cross-sectional. v Spending on household goods recorded monthly. A. time series v The annual percentage change in the population of Houston recorded over the last 10 B. cross-sectional years. v The percentage of adults 25-40 who report using online bil payment methods. v The number of students at a university who use the on-campus health and recreation center each day, recorded over a semester. Revenue for the month of August in 2016 for all Starbucks locations in the Houston area. v A data set created today by a credit card bank showing the total spending of each of its customers for the last three months.
Exports of goods and services 1,872 Imports of goods and services 2,375 Net unilateral transfers -99 Net Investment Income 170 Capital Account -7 Net US acquisition of financial assets 958 Net US incurrence of liabilities 1,391 Net financial derivatives -14 Based on table above, the statistical discrepancy is Group of answer choices 15 8 0. -8 -15
Horizontal inequality is one of the causes of armed conflict in developing countries. (T/F)?