Although GDP is most widely used macroeconomic leading indicator to measure a national economy’s health, what are its weaknesses?
GDP does not include non market activities and several important components such as the work done by the housewives, and members of the family for their household including raising the children. GDP does not indicate how the total value of final goods and services is distributed among the population which is actually indicated by the GDP per capita. There is no indication of social and economic inequality from the GDP measure which indicates that the economic tool is enable to indicate the quality of life. it also fails to consider the impact of economic activities on the environment and the degradation of the environment. Due to these reasons GDP is not considered as an accurate welfare measure.
Although GDP is most widely used macroeconomic leading indicator to measure a national economy’s health, what...
1.What is real GDP and why is it considered an indicator of the economy’s “health”? 2. Why do economists believe real GDP is a better measure over nominal GDP? 3. How many recessions has the U.S. had in the last decade? When was the last recession and how long did it last? 4. What are the four main GDP expenditure categories? 5. What has happened to GDP in the last year? Which spending categories have gone up? gone down?
Discuss why mean is the most widely used measure of central tendency in the health science research?
Discuss why mean is the most widely used measure of central tendency in the health science research? Justify your answers with evidence.
The gross domestic product (GDP) or gross domestic income (GDI), a basic measure of an economy's economic performance, is the market value of all final goods and services made within the borders of a nation in a year. GDP is widely used by economists to gauge the health of an economy, as its variations are relatively quickly identified. However, its value as an indicator of the standard of living is limited. What is a limitation of using GDP to measure...
What is the most reliable indicator of an infant's health? 1. Birth weight 2. Maternal weight before pregancy 3. Maternal weight gain during pregnancy 4. Health status of the mother
Essay Define Gross Domestic Product (GDP) and discuss its importance as an economic measure. Discuss the approaches used to measure GDP. Explain four reasons why GDP is not an ideal measure of well-being. Suppose you were asked to devise a way to include the effects of climate change on GDP. What information would you need?
3. What is Modal Analysis? What are the most widely used methods for performing modal testing? (3 points) gven fundamental frequencies and the associated mode shapes (2 points) TO 20 30 40 50 Frequency (Hz)
If a platinum indicator electrode is used to measure [Cu^22^++] (standard reduction potential of Cu^22^++ is 0.337 V), and [Cu^22^++] = 0.0053 M, what is the cell potential (V) if the reference electrode is SCE and the measurement is taken at 298 K? Indicator Electrode--Quantification (Homework) Homework Unanswered If a platinum indicator electrode is used to measure [Cu2+] (standard reduction potential of Cu +is 0.337 V), and [Cu2+ o.0053 M, what is the cell potential (V) if the reference electrode...
1. What does the trade-to-GDP ratio measure? Does a low value indicate that a country is closed to trade with the outside world? 2. Describe the pattern over the last century shown by the trade-to-GDP ratio for leading industrial economies. 3. In relative terms, international capital flows may not be much greater today than they were a hundred years ago, although they are certainly greater than they were fifty years ago. Qualitatively, however, capital flows are different today....
Content attribution Question 9 What is the the most widely used ether? Select the correct answer below: O Tertiary-butyl methyl ether (MTBE) Ethyl methyl ether O Diethyl ether Isopropylmethyl ether Content attribution