hat are some of the advantages of using a development metric? it allows for comparison across countries it can be used to help allocate money and resources it leads to better outcomes for residents of developing countries it shows progress over time
hat are some of the advantages of using a development metric? it allows for comparison across countries it can be used to help allocate money and resources it leads to better outcomes for residents of developing countries it shows progress over time
Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter19: Economic Growth In Developing Nations
Section: Chapter Questions
Problem 12AA
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What are some of the advantages of using a development metric?
it allows for comparison across countries
it can be used to help allocate money and resources
it leads to better outcomes for residents of developing countries
it shows progress over time
What are some disadvantages of using a development metric? Choose all that apply.
weighting aspects of development is subjective
determining how to measure factors (such as education or health) is not always obvious
country level statistics miss variation among groups
not all aspects of development' can be quantified
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