Answered: Please give me correcta and incorrect…

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter20: Economic Growth

Section: Chapter Questions

Problem 26CTQ: Education seems to be important for human capital deepening. As people become better educated and...

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Please give me correcta and incorrect answer Explanation

Look at the data plotted in the graph. Each blue diamond represents a country. Which of the following statements best explains the relationship between per capita income and the HDI?

Choose one:

A. As per capita income increases, development increases at a constant rate.

B. As per capita income increases, development increases at an increasing rate.

C. As per capita income decreases, development decreases.

D. As per capita income increases, development increases at a decreasing rate.

HDI (2018): Education and Health
1
0.9
0.8
0.7
0.6
0.5
0.4 CAF
0.3
0.2
0.1
0
$0
Chad
◆ Cuba
itaq
Equatorial Guinea
* Australia
New Zealand.
United States
◆ United Arab Emirates
Kuwait-
Singapore
$10,000 $20,000 $30,000 $40,000 $50,000 $60,000 $70,000
Per Capita Income (2018)
$80,000 $90,000

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