State any two limitations of per capita GDP as an index of economic welfare

Q: The two sector model for income determination

A: An analytical framework of the economic theory that embodies stylized dynamic economies with the…

Q: What is the impact of population dynamic on socio economic development of the country?do you think…

A: Economic development is the process of creating wealth for the benefit of the community. It's more…

Q: Is Income determined by the Scarcity of Your Contribution, and Not the Value of Human Worth?

A: ANSWER Scarcity refer to the basic economic problem- the gap between limited resources and limitless…

Q: What is Human Development Index?

A: The phase of extending citizens' rights and possibilities and enhancing their well-being is known as…

Q: Contrast Turkey and India in terms of regional income and disparity and state the policies that can…

A: Regional inequality is a topic of interest not just to economics but also to sociologists. Regional…

Q: GNP per capita is the best measure of economic development when a.     income is equally…

A: The Gross National Income of a country measures the wealth of the nation. It calculates the total…

Q: Explain the implication of the human development index of the Philippines over the years. Is it good…

A: Human development index indicates the standard of living in a country.

Q: Per capita income?

A: Per capita income is the average income earned by per person in a given geographical boundary  in a…

Q: Comment on the impact of sectoral change on business activity.

A: Sectoral change refers to the change in trend in the agricultural sector over time where the…

Q: 17. The Human Development Report (HDR) published by UNDP compares countries based on literacy rate,…

A: The Humans Development Report is the report in which UNDP records some specfiic parameters of…

Q: What are the componets of human development index ?

A: Human Development Index is developed by Mahbub Ul Haq and Amartya Sen.

Q: Which action taken by a worker would not be an investment in human capita

A: Investing in human capital will increase workers productivity. It can be done through worker…

Q: Give at least 5 limitations of Human Development Index. Explain

A: Human Development Index (HDI) is economic measure of the wellbeing of the people living in 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: GNP is a good national indicator for sustainability. True False

A: The gross national product (GNP) measures the value of final goods and services produced by the…

Q: Question 1. When there is investment made in the form of education, training and medical care, the…

A: Investment is to allocate money in different assets in order to receive benefit out of it in future.…

Q: Mixed economic system is also called

A: Mixed economic system consist of both capitalism and socialism.

Q: Compute the Human Development Index (HDI) in a country with a life expectancy of 80 years, 9 mean…

A: Answer- Given in the question- For a country, Life expectancy = 80 years  Mean years of schooling…

Q: population

A: Real growth rate = Births - Deaths = 3% - 1% = 2%

Q: Calculate the proportion of Kumasi for 2021, if the growth rate is 3% per annum and death rate is…

A: The proportion of population of a country keeps changing every year due to various factors that…

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 sector model used for?

A: The sector model, also referred to as the Hoyt model, could be a model of urban land use proposed in…

Q: Angela, a German citizen, owns a warehouse in Sharjah which she rents to a J.S. firm for 70,000.…

A: Gross National Product (GNP) is the total value of all finished goods and services produced by a…

Q: 22. Define the following: Per capita Income Monetary Policy World Bank International Monetary…

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

Q: The Human Development Index (HDI) has been criticizedon a number of grounds by the critiques. Why?…

A: The HDI is the human development Index by assigning value or weights to various indicators thereby…

Q: MODIFIED TRUE OR FALSE Human Development Index is a mix of three statistics- wealth, education and…

A: UNDP has provided various aspects of the development of HDI. HDI ranking is part of the development…

Q: What is the following formula that could be used for calculating the per capita income of a…

A: According to the given question In simple words we can say that the total income or the per capita…

Q: What measures of income poverty are favored by development economist?

A: Absolute poverty is the condition where, in order to ensure continued survival, the poor are barely…

Q: The main advantage of 'human development Index' over conventional measures such as 'gross national…

A: The Human Development index was envisaged as a more well-rounded and holistic approach to measuring…

Q: Which of the following would tend to underestimate social well being as mneasured by real GDP (RGDP)…

A: GDP measures the market value of final goods and services produced by an economy during a given…

Q: What are the 5 limitations of Human Development Index. Explain

A: The human development index is used to measure economic development. It shows the economic welfare…

Q: Analyze the Human Development Index rate of the Philippines over the years, interpret and write its…

A: Given that: Year HDI HDI Ranking 2019 0.718 107 2018 0.711 111 2017 0.706 111 2016 0.704…

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: 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: Thomas maltus theory of population and economy

A: Population growth is a hurdle to economic development as it results in an additional burden on the…

Q: of develop

A: Urbanization implies the shift in population from rural to urban areas which leads to decrease in…

Q: When the earned income of poor people increases to be equal to disposable income the transfer from…

A: The amount of money that a person or household has available for spending or saving after income…

Q: What are 3 main Human Development Indices used ? what is an advantage and disadvantage of each?

A: The Human Development indices are used to estimate the level of development in the economy and…

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: 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: What is the individual’s human wealth? Total wealth?

A: Wealth: It is the estimation of the relative multitude of assets that are controlled by an…

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

A: Since you have asked a question with multiple sub-parts, we will solve first three sub-parts for…

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…