Select all true statements. For a country, high real per capita GDP implies a high standard of living. Countries with a high real per capita GDP tend to also have a high human development index (HDI) on average. We use real per capita GDP to measure the standard of living because consumption makes you happy. We use real per capita GDP to measure the standard of living because variables that determine welfare seem to be positively correlated with it. A higher human development index (HDI) implies a higher real per capita GDP. Countries with high real per capita GDP tend to have a population with higher level of education and higher life expectancy on average. We use real per capita GDP to measure the standard of living because money makes you happy.
Select all true statements.
|
For a country, high real per capita |
||
|
Countries with a high real per capita GDP tend to also have a high human development index (HDI) on average. |
||
|
We use real per capita GDP to measure the standard of living because consumption makes you happy. |
||
|
We use real per capita GDP to measure the standard of living because variables that determine welfare seem to be positively correlated with it. |
||
|
A higher human development index (HDI) implies a higher real per capita GDP. |
||
|
Countries with high real per capita GDP tend to have a population with higher level of education and higher life expectancy on average. |
||
|
We use real per capita GDP to measure the standard of living because money makes you happy. |
Step by step
Solved in 3 steps
