The method of measuring economic development developed by the UNDP is known as: O a. Gross Domestic Product (GDP) O b. Human Development Index (HDI) Purchasing Power Parity (PPP) Physical Quality of Life Index (PQLI) O c. O d.
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- With reference to measurements of the dimensions of the Human Development Index which of the following statement is incorrect? a. No of households in a family b. A long and healthy life is measured by life expectancy at birth c. A decent standard of living is measured by GDP per capita in purchasing Power Parity (PPP) US Dollars d. nowledge is measured by the adult literacy rate (with two thirds weight) and the combined primary, secondary and tertiary gross enrolment ratio (with one third weight)How does production and growth are related to each other? Compare and contrast. no to plagiarismState using supportive research whether GDP should be used as a basis to measure a country’s development in comparison to the multiple dimensional poverty index.
- Explain the following national development indicators in detailed: 1. Percentage of Employment 2. Structure of Labor ForceA. Outline how ONE (1) measure that the Human Development Index is used to promote:i. economic growthii. economic developmentB. Assess the use of Human Development Index as an alternate measure of EconomicDevelopment.Requires: In your OWN WORDS, discuss the following terminologies & concepts: Internal Rate of Return Economic Growth and Economic Development GNP/National Income
- An increase in the amount of human capital in the economy will ["decrease", "remain unchanged", "increase"] the productivity of labor. As a result, average real income in the economy will["decrease", "increase", "remain unchanged"] . PreviousNextAnswer if TRUE OR FALSE: • The following are economic measures which measure people's well-being in a country: GDP, GNP and Human Development Index (HDI). • The economic growth is recognized (measured) as an increase in real GDP. • Literacy rates, life expectancy, income per capita and inequality rates are the major variables of HDI.Write the growth rate of output per capital Y/P in terms of growth rate of output per worker Y/N. (hint: define the population to employment ratio as dbar=1+d)