True or False: it is more accurate to use the purchasing-power-parity method than it is to use the exchange rate method to compare GDP between different countries? Explain.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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The below Questions divided in 4 parts! Explain Each Questions in 15-20 sentences and do not write on Paper.

A) True or False: it is more accurate to use the purchasing-power-parity method than it is to use the exchange rate method to compare GDP between different countries? Explain.

B) What is the primary difference between economic growth and development? Is it possible to achieve one without the other? In your answer, use the examples of the two countries from the discussion in class to illustrate your point.

C) Why is urban giantism less prevalent in mature democracies?

D) What is the meaning of economic development? Why do we not see a stronger relationship between income and happiness, especially once income has risen above $20,000 a year per person? Also Why might improvements in children’s public healthcare services lower fertility?

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