Q1. A) Supposing in 2017 Nigeria and Ghana have the following indicators: Indicators Nigeria Ghana GDP per capita $1,241 $1,840 Life expectancy 65.7 years 69 years Adult literacy 53.5% 67.5% Gross enrolment ratio 52.1% 65.3% Calculate the traditional HDI for the two countries and interpret your results. B) Discuss the major causes as well as the consequences of inflation in Nigeria. How can inflation be controlled? Q2. Differentiate clearly between poverty and income inequality, and explain the main causes of income inequality in Nigeria. How can we narrow income

Q1. A) Supposing in 2017 Nigeria and Ghana have the following indicators: Indicators Nigeria Ghana GDP per capita $1,241 $1,840 Life expectancy 65.7 years 69 years Adult literacy 53.5% 67.5% Gross enrolment ratio 52.1% 65.3% Calculate the traditional HDI for the two countries and interpret your results. B) Discuss the major causes as well as the consequences of inflation in Nigeria. How can inflation be controlled? Q2. Differentiate clearly between poverty and income inequality, and explain the main causes of income inequality in Nigeria. How can we narrow income

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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