Because there is not a precise measure for human capital, the World Bank data and most economists in the field use what information to proxy for human capital?

Q: How can technology increase inequality with the GDP growth?

A: Technology can increase inequality if it leads to increased automation and job loss in sectors that…

Q: If a country had a falling population or one with a zero growth rate is it expected that the country…

A: Non-farm payroll employment refers to the collective name for construction, goods, and US…

Q: P than another country b icators.

A: GDP is a tool to measure growth in an economy. It is a quantitative measure and doesn't incorporate…

Q: if a nation has a population of 100 million, a labor force of 60 million, GDP of $100 billion , then…

A:

Q: Describe some of the political and social tradeoffs that might occur when a less developed country…

A: In developed countries women are playing important role in economic growth by participating in…

Q: Explain how a technological advancement in one sector of the economy can lead to a change in the…

A: Answer - Technological advancement in one sector of the economy can lead to change in the number of…

Q: How does a country improve its human capital? a) Investing in research and development. b) Investing…

A: Human capital is the skills and knowledge that a person has.

Q: Select all component included in the Human Development Index (HDI)? Economic freedom Level of…

A: The Human Development Index (HDI) is a composite statistic that evaluates a nation's average…

Q: Explain whether GDP per capita is the most appropriate measure of economic success

A: The GDP is the market value of all the goods and services that are produced in a country during a…

Q: In Economics, explain Human capital; General and specific, Examples and Definitions

A: Human capital implies the skills, knowledge, experience, and characteristics that individuals…

Q: The distribution of income OA) is more even in developing countries than in the Russia B) is more…

A: This can be defined as a concept that shows the continuous progress in any nation it does not happen…

Q: How do unemployment rates and economic growth affect individuals, businesses, communities, and the…

A: Unemployment refers to the state at which people who are actively looking for the job but are unable…

Q: The smaller the percentage of people who work, the higher the potential output per capita.

A: Potential output is also said as the natural GDP which says the maximum level of real GDP that can…

Q: The Solow model is an important formal model of economic growth. Assume that the production function…

A: The Solow model, also known as the Solow-Swan model, is a fundamental economic model used to analyze…

Q: State any two limitations of per capita GDP as an index of economic welfare

A: The standard measure of the value-added created via the production of goods and services in a…

Q: Closing the educational gender gap is important for all the following reasons EXCEPT A. B. C. D. The…

A: Bridging of gender correspondence gap is one of the significant undertakings in the neighbourhood as…

Q: Using economic theories and graphs: Discuss in at least four ways why the education of women is…

A: Development refers to a multidimensional process of positive social, economic, and political changes…

Q: Suppose France has a per capita GDP that is 0.7 times the United States GDP. It has a…

A: Productivity: It refers to the production of good and services according to the inputs and output…

Q: Outline the main factors which determine the level of productivity in a country

A: Productive of a country is determined by the level of goods and services manufactured in the…

Q: In a farway country, banana is the most important crop exported to rest of the world. Data about…

A: The amount of money spent on consumption of certain goods and services is known as consumption…

Q: Distribution of Income and Average Income Sri Lanka and Mongolia Sri Lanka |Mongolia Average…

A: Income distribution examines how income is divided among various groups within a society, commonly…