Do you think that there is strong relationship among health, labor productivity and income levels? Explain your answers

Q: State some reason why the demographic trend and Human Development Index may affect the Gross…

A: Demographic trend is related to the population of the country. In the demographic trend, different…

Q: Discuss whether GDP per capita is the most appropriate measure of economic success

A: GDP: The money value or monetary value of all finished commodities produced in the domestic…

Q: Discuss the factors that determine whether the standard of living in a country will be high or low.…

A: In economics, the standard of living refers to the basic amenities which are available to the people…

Q: how does college education increase ones human capitatail

A: Human capital is the stock of skills, knowledge, and social attributes that can influence a person's…

Q: Do you think that there is a strong relationship among health, labor productivity, and income…

A: Labor Productivity:-  Work job performance is defined as actual production per labor hour, and the…

Q: Using the information under Table C (Image), able to find and solve for the following, please show…

A: Answer d. To calculate GDI, the formula used is : GDI = Female HDI / Male HDI    To calculate HDI,…

Q: At the beginning of the year, one developing country (DVC) has a real income per capita of $1,000.…

A: Real per capita income(RGDP) measures the total amount of money earned by per person. It is obtained…

Q: Aside from the GDP, what other measures may we use to better understand the level of development of…

A: Economic Development refers to the improvement in the living standard and quality of life eg. Life…

Q: Explain how the saving rate and the rate of population growth affect the steady-state level of…

A: Steady State Growth: A steady-state growth rate refers to an economy that grows at a constant rate.…

Q: which of the various measures of economic growth (GDP, GNP, real GDP, etc.) is most useful for…

A: The macroeconomic health refers to the country’s standard of living, well-being, and the…

Q: Find the economic growth for this economy                          [05Marks]…

A: The economic growth rate of the current year = [(GDP in current year - GDP of previous year) / GDP…

Q: Using the information provided in Table 1 below for the Traditional Human Development Index, answer…

A: Human Development Index (HDI): It is a single index to measures human development by capturing the…

Q: Since the late 1950s, economists have performed “growthaccounting” studies in the United…

A: In the year 1957 Robert Solow introduced the term economic growth accounting, which is a study of…

Q: Explain what we mean with economic development and then discuss the relation between GDP/capita and…

A: The macroeconomic concept of economic growth is used to determine the increase in wealth and…

Q: Human Development Index

A: The ‘human development index’ or HDI is a statistical measure of education, life expectancy and per…

Q: what is the interest rate? What is its impact on economic growth?Interpret the chart below.

A: Interest rate is the price paid on money. There may be negative or positive economic growth,due to…

Q: Why do many economists expect income convergence between developed and developing countries, and…

A: The thought of convergence is that the speculation that poorer economies' per capita incomes will…

Q: The International Property Right Index scores countries based on the legal and political environment…

A: Three countries with high scores as per the International Property Right Index (2019) are: (1)…

Q: Texas 45,091 58.417 Colorado 47,335 59,057 Ohio 42,086 51.456 What is the difference in terms of…

A: The average annual growth rate (AAGR) is the common boom or lower withinside the cost of an funding…

Q: How significant an issue is this for the countries studied?  Consider the implications of income…

A: Economic inequality can be quantified in a variety of ways, the most common of which are the income…

Q: In Investment in Human Capital (1962) paper by Gary Becker, what were his key findings and why was…

A: Most people associate capital with a bank account, a hundred shares of IBM stock, assembly lines,…

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: Are the two terms economic growth and economic development similar? Explain.

A: No, the two-term economic growth and economic development are not similar. 1-Definition Economic…

Q: An increase in the standard of living of citizens of a country can be best measured by the growth…

A: Per capita nominal GDP:-                            Nominal GDP per capita=Nominal GDPPopulation…

Q: Suppose that there is a country with the following data for the year 2004: Indicator Life Expectancy…

A: The Human Development Index or HDI calculates a country's development through the four factors: mean…

Q: Why is the population of low- income countries predicted to grow more quickly than the population of…

A: The population rate affects the income per capita GDP. The low-income countries grow differently…

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: Which geographic region within the developing world noticed the fastest growth in working-age to…

A: The world and most regions including different countries which are experiencing an unprecedentedly…

Q: Why is GDP in developing countries greater than GDP in developed countries?

A: The Gross Domestic Product (GDP) is a widely used indicator of an economy's output or production. It…

Q: The common view is that an increase in productivity increases economic growth and welfare. However,…

A: Productivity refers to increase in production with same level of input. It means when by using same…

Q: cording to French economist Thomas Piketty, how does the relationship between the interest rate, r,…

A: Strengthening of labour unions causes decrease in income inequality.

Q: What is the HUMAN DEVELOPMENT INDEX? What does the HUMAN DEVELOPMENT INDEX tell us?

A: The countries around the world tend to focus on enhancing their development and growth. The…

Q: Based on your opinion, what is the Relationship Between Poverty, Inequality and Development

A: Poverty refers to the relative standards of living in a society at a given time.  Inequality refers…

Q: 71.Improvements in nutrition and health care typically increase life expectancies and decrease…

A: Nutrition and healthcare services play an important role in the demographic changes that occur in…

Q: Why does the HUMAN DEVELOPMENT INDEX not include dimensions of participation, gender and equality?

A: Human development is a statistical tool used to measure the overall achievements of a country in…

Q: Why do many economists expect income convergence between developed and developing countries, and…

A: The possibility of convergence is that the theory that more poorer economies' per capita salaries…

Q: What is the rank of India in human development index(2019) ?

A: Human development index HDI is a measure of the average development of human capabilities around the…

Q: Define Primary Sector? Why is the role of the primary sector vital for economic development?

A: Activities specifically dependent on natural resources are referred to as the primary sector. It is…