The method of measuring economic development developed by the UNDP is known as: O a. Gross Domestic Product (GDP) O b. Human Development Index (HDI) Purchasing Power Parity (PPP) Physical Quality of Life Index (PQLI) O c. O d.
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- Examining the sub-national variation in development for many countries, such as Brazil, China, or Mexico, reveals O development is closely related to access to energy supplies. O there are no substantial variations in wealth at the regional scale. variations exist between regions that are isolated and those connected to international trade. O wealth is concentrated in the cooler, mountainous regions. cities are relatively underdeveloped compared to the agricultural lands. Clear seleA country's standard of living is best measured by O the population growth rate. O real GDP. O real GDP per capita. the inflation rate, ASUS15. Low - income countries and upper middle - income countries are informally grouped as the middle - income countries. O. True O. False 16. The PPP gives an overall index of economic development. It gives a rough ability to make comparisons on the issue of economic welfare - much more than just using GDP statistics. PPP is important because it helps us to know how a country is doing. It is a better measure of a country's progress. O. True O. False 17. Health as measured by life expectancy, undernourishment, and literacy. O. True O. False 18. Gross domestic product is defined as gross domestic product, plus net receipts from abroad of compensation of employees, property income and net taxes less subsidies on production. O. True O. False
- Suppose in 2000, the country of Singsville had a GDP of $120400 and a population of 650. In 2001, GDP increased to $122800 and the population increased to 700. Between 2000 and 2001, did labor productivity increase, decrease, or stay the same in Singsville? Olncrease Ostay the same ODecreaseQUESTION 23 Which of the following activities won't be registered at their market values in the current year GDP You clean your apartment You cook for yourself at home chicken parmešan a. b. C. You help a friend studying math for an upcoming exam d. All of the above O a O b d. QUESTION 24 Robert, an American citizen, buys a computer made in China for $1.000 to use in his editing business. Therefore, a. investment increases in $1.000 and net exports decreases in $1.000 b. consumption increases in $1.000 and net exports decreases in $1.000 C. investment increases in $1.000 and net exports increases in $1.000 d. consumption increases in $1.000 and net exports increases in $1.000 O a Ob O cList the determinants of productivity. • List three policies that attempt to raise living standards by increasing one of the determinants of productivity.
- Here is a little easy one. The question is based on Macro. The consumption function is given by C=AYB where B=0.5 and A=0.3. The marginal propensity to save (MPS) is: a) Equal to 0.5 b) increasing in income, Y c) equal to 0.3 d) equal to 0.7 The correct answer is b, I think as there is no direct way to calculate MPS(Righ?). Please work me through the logic of it. Please show clearly that MPS is an increasing function in Y. Thank you.Show Transcribed Text 160) Refer to Table 2-21. This table shows the number of labor hours required to produce a digital camera and a bushel of wheat in China and South Korea. China South Korea Digital Camera 100 hours 90 hours 161) Refer to Table 2-21. This table shows the number of labor hours required to produce a digital camera and a bushel of wheat in China and South Korea. China South Korea Total a. Assume each country has a total of 9,000 labor hours to devote to the production of the two goods and draw the production possibilities frontier for each country. Put "Digital Camera" on the horizontal axis and "Wheat" on the vertical axis. Be sure to identify the intercept values on your graphs. b. Suppose each country allocates 60% of its labor hours to wheat production and 40% to the production of digital cameras. Complete Table 2-22 below to show each country's output of the two products. Table 2-22: Production and Consumption with no Trade Digital Camera Wheat Output Output…How can the study of macroeconomics help a country's economic managers? a. All of these are correct O b. It helps to bring stability in price level and analyses fluctuations in business activities O c. It explains factors which determine balance of payments d. It helps to achieve the goal of economic growth, a higher GDP level, and higher level of employment
- If the GDP per capita grows by 5%, it means that O a. The rich people's incomes increased by 5% © b. On the average, the people's income grew by 5% © c Everyone's income grew by 5% d. Employment rates increased by 5%Most of the poor countries experience slow growth because of all the following reasons except O A. the government's failure to enforce the rule of law. B. low rates of saving and investment. C. frequent civil disturbances such as wars and revolutions. D. excellent public health and education. The unemployment rate A. typically rises during a recession and falls immediately after the recession has ended. B. typically falls during a recession and rises after the recession has ended. C. typically falls during a recession and after the recession has ended. D. typically rises during a recession and after the recession has ended.5) Purpleland's Real GDP was 196 billion dollars in 2006 and 206 billion dollars in 2007. Purpleland's population growth rate was 2% in 2007. a. If Purpleland's 2007 economic growth rate and population growth rate are maintained, how long will it take for Purpleland's RGDP/capita to double? menu Ineuo end of b. If Purpleland's 2007 economic growth rate is maintained but the population growth rate falls to 1.5%, how long will it take for Purpleland's RGDP/capita to double? art