With reference to measurements of the dimensions of the Human Development Index which of the following statement is incorrect? a. No of households in a family b. A long and healthy life is measured by life expectancy at birth c. A decent standard of living is measured by GDP per capita in purchasing Power Parity (PPP) US Dollars d. nowledge is measured by the adult literacy rate (with two thirds weight) and the combined primary, secondary and tertiary gross enrolment ratio (with one third weight)

Q: What was the ratio of per capita income in each of the following countriesto that in the United…

A: Per capita income measures a nation’s income earned by per person on an average in a year.

Q: Outline how ONE (1) measure that the Human Development Index is used to promote: i. economic growth…

A: Human Development index is defined as the measure of average achievement of the parameters: Life…

Q: Assume that a very tiny and very poor DVC has income per capita of $300 and total national income of…

A: Per capita = total income/ population.

Q: What is the impact of population dynamic on socio economic development of the country?do you think…

A: Economic development is the process of creating wealth for the benefit of the community. It's more…

Q: Difference between leading and lagging economic indicators

A: The economic indicators are the key performance indicators which indicate about the performance of…

Q: Explain briefly. Growth Rate of Gross National Product (GNP)

A: Gross domestic product (GDP) is the all out financial or market worth of the relative multitude of…

Q: 4. GDP per capita shows how much gross domestic product each

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: In 2001, Minitown had a GDP of $293000 and a population of 1600.What was the GDP per capita in…

A: Given:  In 2001, Minitown had a GDP of $293000 Population of 1600. GDP per capita in Minitown in…

Q: 59 47,090 44.940 Germany Canada 41,310 Japan 30,600 20 High-income countries United States Canada…

A: Macroeconomic policy is concerned with the overall operation of the economy. In general,…

Q: GNP per capita is the best measure of economic development when a.     income is equally…

A: The Gross National Income of a country measures the wealth of the nation. It calculates the total…

Q: 1. GDP is abbreviation of a) General Gross Price c) Gross Development Projects b) Gross Domestic…

A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

Q: Use the chart below to calculate the growth rate in real GDP per Capita. CPI 224 236 Year 1 Year 2…

A: This concept can be defined as a tool that helps in measuring the total amount of production of…

Q: Economists examined many indicators in order to determine the standard of living of citizens within…

A: Some of the indicators are: 1. (HDI)Human Development Index: it is a composite metric that considers…

Q: State using supportive research whether GDP should be used as a basis to measure a country’s…

A: GDP measures a country's value added, which is calculated as the total value of all products and…

Q: To evaluate the indicator of the Human Development Index (HDI) on the example of 3 countries from…

A: HDI refers to the human development index which is a composite measurement statistics of life…

Q: Based on Gross Domestic Product, discuss how increasing the labour force participation rate of…

A: The total amount of products and services produced within an economy is referred to as the gross…

Q: There is evidence that income per worker is converging in A) the richest countries and the poorest…

A: The measure of the amount of income that is being earned per person in a geographic region or nation…

Q: a) Nominal GDP 2013, 2014 b) Real GDP 2013, 2014 c) GDP growth rate d) Deflator 2014

A: Nominal GDP measures the value of output in a given period at the prices of that period. To remove…

Q: The table below shows national data for the economy of Westfall. Round your intermediate…

A: Inflation is the rate at which the price of goods would increase over a given period of time and…

Q: Explain the importance of GDP

A: useful info Hello. Since you have posted multiple questions and not specified which question needs…

Q: Country A Country B Country с Table 10.1 Nominal Real GDP (in GDP (in millions millions of $) of $)…

A: GDP is the gross domestic product. GDP is defined as the market value of all the final goods and…

Q: Income per capita in the poorest countries of the world is just five percent of the U.S. These…

A: When talking about the differences in the poor country and a rich country, it can be said that it is…

Q: The text makes numerous cross-country comparisons, but that does not mean that we have to restrict…

A: The table presents the data for the per capita real GDP for six states in the U.S. between 1997 and…

Q: 100 Line of equality A B Percentage of population 100 Percentage of income

A: Lorenz Curve It tells us about the income distribution level among the people. There is one 450…

Q: 2 Short questions 2. In 2021, India's GDP per capita was USD 2256, and 7248 in PPP dollars. For the…

A: The objective of this question is to determine which country, India or Brazil, has a higher price…

Q: How can the wealth of the nations measured by the using per capitagross national income (GNI)?

A: Gross National Income (GNI) is the total amount or the addition of all the amount received in the…

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: Why is average GDP per capita used In measuring standard of living for individuals in the economy?

A: Answer: Real GDP per capita = Real GDP per capita refers to the per-person real output of a country.…

Q: Consider the table of GDP and population for several imaginary countries. Countrv Wrigleyville…

A: A.GDP per capita of Longhorn land:GDP per capita of Longhorn land can be calculated as follows:

Q: write a note by comparing Per-capital GDP and Human Development Index as a measure of Standard of…

A:

Q: Explain the terms:  I) Economic well-being ii) Economic heritage  iii) Diversification

A: The level of economic welfare or quality of living for a person or a community is referred to as…

Q: GDP per capita is an indicator that tells us the whole picture about income inequality and income…

A: GDP is the value of final goods and services produced in the economy within a given period of time.

Q: Based on your choice of country, analyse the following factors 1.Economic freedom of the country…

A: Economic freedom index Every person's fundamental right to govern their work and property is known…

Q: 1. Write a short note on Human Development Index (HDI). Is HDI is a precise measure to find out the…

A: Write a short note on Human Development Index (HDI). The Human Development Index (HDI) is one of the…

Q: By whom India's national income is issued?

A: National income is the total value of goods and services that a nation produces during a financial…

Q: 2. How does it contributes to the GDP?

A: Introduction: A measurement called the gross domestic product aims to represent the economic output…

Q: Explain what the human development index is,what it measure and what information reveals

A: Economic growth exhibits the percentage increment in the economy's output per capita over the period…

Q: Thomas maltus theory of population and economy

A: Population growth is a hurdle to economic development as it results in an additional burden on the…

Q: Discuss the reason(s) why countries need to be rank in terms of its Human Development Index.

A: Human Development Index (HDI) is a tool used to summarize the level of human development. It helps…

Q: Economists can do a reasonably good job of calculating GDP, GDP per capita, NDP, etc. Do you agree?…

A: GDP refers to the Gross Domestic Product. It is the value of all the final goods and services…

Q: Per capita GDP can be defined as GDP per person. GDP per unit of capital. GDP per unit of…

A: GDP measures the market value of all final goods and services produced in an economy within a given…

Q: Table 1: Selected Economic Indicators for Trinidad and Tobago 2016 - 2020 Year Population GDP…

A: GDP is the market value of final goods and services produced by a nation under its domestic…

Q: Answer the following options:  (Q#7)  What is the connection between education and the economic…

A: Hi! Thank you for the question As per the honor code, We’ll answer the first question since the…