National well-being can be measured using the Per-capita GDP (per-capita) and the Human Development Index (HDI)....
National well-being can be measured using the Per-capita GDP (per-capita) and the Human Development Index (HDI). Both of these measures will always give the same ranking for countries Group of answer choices
A. True B. Can't say C. False
Homework Answers
Ans.
It is false since it is not obvious that the country which is performing the best in HDI has the highest GDP as well since HDP is measured by taking in consideration three things i.e. -
1. GDP Per capita income
2. Literacy level
3. life expectancy.
Hence all of them may differ in different countries and thus, their ranks can also differ. Thus, the statement is incorrect.
I hope the answer is clear to you, in case you have any query, please leave a comment, we will try our best to fix it. If you are satisfied with the answer, leave a thumbs up, your support is valuable. Thank You
Add Answer to:
National well-being can be measured using the Per-capita GDP
(per-capita) and the Human Development Index (HDI)....
GDP or GDP per capita is the conventional measurement of a given national economy. Define them...
GDP or GDP per capita is the conventional measurement of a given national economy. Define them and the list the problems associated with this conventional measurement. Do you consider HDI as a reasonable alternative to GDP per capita in ranking nations based on their overall development? Why or why not?
In 2014, the United Nations ranked Norway first on the Human Development Index 009-a ranking of...
In 2014, the United Nations ranked Norway first on the Human Development Index 009-a ranking of the quality of M different in many countries. Yet Norway was not akad first in terms of real per capita GDP. Explain how the woman O A HOI ses nominal GOP values, but not real GDP. OB HDI formula doesn't take into account real per capita GOP factor OCHDI formula includes not only per capita GOP, but also non economic factors. O D. This...
3. If countries are first ranked by level of Real GDP per capita, and then by...
3. If countries are first ranked by level of Real GDP per capita, and then by the value of the Human Development Index, would you expect the ranking of countries to be similar or different? Explain and provide examples. Refer to table 1 in the Human Development Report website for the most recent data (hdr.undp.org) 4. Explain the lingering effects of colonialism and how it is still playing a role in hindering economic development in the developing world.
How to calculate gdp: Comsumption + investment + gov. Expenditures + (exports-imports) We dont include imports...
How to calculate gdp:
Comsumption + investment + gov. Expenditures +
(exports-imports)
We dont include imports because we dont want to include what
they’re bringing in
Problem 3 In Unit 13 we discussed how to measure GDP per capita and that it is used to measure the quality of life of citizens. This exercise will have you compare and contrast other measures of well being. The Better Life Index was created by the Organization for Economic Cooperation asure of the...
Table 1 provides the basic information you need to construct the human development index for the...
Table 1 provides the basic information you need to construct the human development index for the following countries. Countries Life expectancy Expected years Mean years at birth of schooling of schooling (years) 8.4 10.0 10.3 11.4 (years) 2.3 6.0 7.7 (years) 58.5 53.1 59.2 48.9 51.3 66.6 20.0 Mali Nigeria Zimbabwe Swaziland Sierra Leone Sao Tome and Principe Country with minimum value Country with maximum value Gross national income (GNI) per capita (2011 PPP $) 2,218 5,443 1,588 7,522 1,529...
. The United Nations Human Development Index (HDI) uses information about a country’s life expectancy at...
. The United Nations Human Development Index (HDI) uses information about a country’s life expectancy at birth (health), expected years of schooling and mean years of schooling (education), and Gross National Income per capita (standard of living) to create a measure that ranges from 1 (very high) to 0 (very low). For 2017, the United States had a value of 0.924, compared to 0.926 for Canada and 0.922 for the United Kingdom – very similar values. Based on this information,...
GDP has proved useful in tracking both short-term fluctuations and long-run growth. Which isn’t to say...
GDP has proved useful in tracking both short-term fluctuations and long-run growth. Which isn’t to say GDP doesn’t miss some things. Amartya Sen, at Harvard, helped create the United Nations’ Human Development Index, which combines health and education data with per capita GDP to give a better measure of the wealth of nations. Joseph Stiglitz, at Columbia, advocates a “green net national product” that takes into account the depletion of natural resources. Others want to include happiness in the measure....
Answer True or False for each of the following. (3 points each) GDP per capita is...
Answer True or False for each of the following. (3 points each) GDP per capita is GDP divided by the population growth rate. Disposable personal income is what you have left over after paying basic living expenses. Net Domestic Product is Gross Domestic Product minus depreciation. Real GDP is always lower than nominal GDP. The GDP deflator is a good cost of living index. In the long run GDP tends to return to the vicinity of a long run growth...
Part 1: GDP in Different Countries (weight 50% of the assignment grade) Complete the following exercise:...
Part 1: GDP in Different Countries (weight 50% of the assignment grade) Complete the following exercise: Go to World Development Indicators database: https://databank.worldbank.org/home.aspx Click on World Development Indicators. Select 15 countries for your project by checking the check boxes under Country. Select the 2 data series GDP (current US$) and Population (Total) under Series. Select the most recent year under Time. Please use the last year when the data is available. Otherwise you will get zero for this part of...
1.The purchasing power of the $20 bill increases over time due to inflation. Group of answer...
1.The purchasing power of the $20 bill increases over time due to inflation. Group of answer choices True False 2.The consumer price index increased from 120 to 132. If you received a raise equal to 10% during this time period then your real income has decreased. Group of answer choices True False 3.Productivity is measured by calculating the growth rate of real GDP. Group of answer choices True False 4.The labor force is made up of all people who are...
In 2014, the United Nations ranked Norway first on the Human Development Index 009-a ranking of the quality of M different in many countries. Yet Norway was not akad first in terms of real per capita GDP. Explain how the woman O A HOI ses nominal GOP values, but not real GDP. OB HDI formula doesn't take into account real per capita GOP factor OCHDI formula includes not only per capita GOP, but also non economic factors. O D. This...
3. If countries are first ranked by level of Real GDP per capita, and then by the value of the Human Development Index, would you expect the ranking of countries to be similar or different? Explain and provide examples. Refer to table 1 in the Human Development Report website for the most recent data (hdr.undp.org) 4. Explain the lingering effects of colonialism and how it is still playing a role in hindering economic development in the developing world.
How to calculate gdp:
Comsumption + investment + gov. Expenditures +
(exports-imports)
We dont include imports because we dont want to include what
they’re bringing in
Problem 3 In Unit 13 we discussed how to measure GDP per capita and that it is used to measure the quality of life of citizens. This exercise will have you compare and contrast other measures of well being. The Better Life Index was created by the Organization for Economic Cooperation asure of the...
Table 1 provides the basic information you need to construct the human development index for the following countries. Countries Life expectancy Expected years Mean years at birth of schooling of schooling (years) 8.4 10.0 10.3 11.4 (years) 2.3 6.0 7.7 (years) 58.5 53.1 59.2 48.9 51.3 66.6 20.0 Mali Nigeria Zimbabwe Swaziland Sierra Leone Sao Tome and Principe Country with minimum value Country with maximum value Gross national income (GNI) per capita (2011 PPP $) 2,218 5,443 1,588 7,522 1,529...
Most questions answered within 3 hours.
-
According to the network system security, please explain:
1- What is canary and how it does...
asked 10 minutes ago -
Study the provided BagInterface and the methods implemented in
the ResizableArrayBag
For the following methods that...
asked 8 minutes ago -
Enter your answer in the provided box. To what fraction of its
original volume, Vfinal/Vinitial, must...
asked 44 minutes ago -
Can you figure out if any R functions used to subset a time
series 1 or...
asked 1 hour ago -
Which of the following is correct?
A. APC + MPS = 1
B. APS + MPS...
asked 1 hour ago -
Given a regression sum of squares equal to 2373.59 and a total
sum of squares equal...
asked 3 hours ago -
Compare and contrast the linear motion and angular motion
equations F ma and . That is,...
asked 2 hours ago -
Now that this course has taken you on a journey of introduction
to the world of...
asked 2 hours ago -
The sandwich maker of the EE-Cole-Eye Sandwich Truck was just
fired (for a reason described below)...
asked 5 hours ago -
Name the following coordination compounds using systematic
nomenclature.
1. [Co(H2O)6]Cl2:
2. [Cr(NH3)6](NO3)3:
3. K4[Fe(CN)6]:
4. Na[Au(CN)4]:...
asked 4 hours ago -
Propose an efficient synthesis of 2-Bromo-5-nitrotoluene from
benzene. Hint: 3 steps. Consider directing effects of substituents....
asked 6 hours ago -
This assignment will explore the impact of corporate decisions
on a local versus a global perspective....
asked 5 hours ago