Consider the following statement and describe its accuracy: "A country's male labour force participation rate is strongly correlated with its level of economic development."
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Consider the following statement and describe its accuracy:
"A country's male labour force participation rate is strongly correlated with its level of economic development."
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Solved in 2 steps
- What must have happened when nominal GDP growth is lower than real GDP growth? Select one alternative: GDP deflator is below 100 GDP deflator is over 100 It is impossibleAn analysis regarding the relationship between the unemployment rate and economic growth in a countryWhich of the following is not one of the main indicators to measure wealth in a country? Group of answer choices Endogenous Products Index (EPI) Purchasing Power Parity (PPP) Gross Domestic Product (GDP) Human Development Index (HDI)
- The manufacturing sector is considered as one of the major sources of substantial employment generation in both developed and developing economies. But in Zambia, its contribution is still less than the highest standard set at 2014 when it accounted for 223 681 jobs of which 7.1 percent of these were formal jobs. In total, manufacturing sector jobs had represented 3.8 percent of the 5.9 million total employed population (Central Statistical Office, 2016). As a Student of Econometrics II, you are tasked to establish the determinants of the growth of the manufacturing sector in Zambia.a) Mention four relevant variables would you include in the model.b) Suppose you collect time series data on the proposed variables, explain the steps that you would take to finally decide which model you would run. Note: Explanation must be within ten (10) sentences.Economists examined many indicators in order to determine the standard of living of citizens within a country. Identify any five of these indicators and explain how they are used to determine how well-off citizens are (exclude nnp, gdp & gnp).Is there any relationship between human development index and happiness index?Evaluate countries by considering the information in the table and also the figure if necessary.
- Which three indicators are currently used in the Human Development Index (HDI)? Real GNP per capita (PPP$) Birth rates Life expectancy at birth Employment rates Educational attainment a. 1), 3) and 4) b. 1), 2) and 4) c. 1), 3) and 5) d. 1), 2) and 3)An analysis regarding the relationship between the inflation rate and economic growth in a countryFind the growth rates of the trend below and interpret
- Explain what the human development index is,what it measure and what information revealsGNP per capita is the best measure of economic development whena. income is equally distributed.b. income is unequally distributed.c. income is assumed constantd. income increases at a decreasing rate.Using the information provided in Table 1 below for the Traditional Human Development Index, answer the following questions: Hypothetical Data for Malaysia Economic Indictor Value PPP GDP per capita $ 13,990 Life Expectancy 79 Adult literacy 86% Gross School Enrollment 82% Calculate the income index, life expectancy index, and education index for Malaysia .