Pearson eText Economics -- Instant Access (Pearson+)
Pearson eText Economics -- Instant Access (Pearson+)
13th Edition
ISBN: 9780136879459
Author: Michael Parkin
Publisher: PEARSON+
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Chapter 21, Problem 22APA

(a)

To determine

Explain why the human development index (HDI) is better than real GDP as a measure of economic welfare.

(b)

To determine

Identify the items that are part of real GDP as well as HDI and the items are not in the real GDP.

(c)

To determine

The expansion of HDI.

(d)

To determine

Determine the items that are included in a comprehensive measure on economic welfare.

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