To evaluate the indicator of the Human Development Index (HDI) on the example of 3 countries from different regions of the world: determine which category of countries according to the HDI these countries belong to; conduct a comparative analysis of the dynamics of the HDI in 3 countries; identify the possible causes of such differences, conclude. Countries 1980 2018 Netherlands 0.885 0.934 Pakistan 0.394 0.560 Malaysia 0.662 0.804
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- State 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.Consider Romer Model 2. Suppose there are two countries, rich and poorone. Both countries have the same population size, L and the same knowledgegeneration productivity parameter, z. At the beginning, time 0, the rich countryhas more knowledge stock than the poor one, Ar0 > Ap0, where subscript labelstime and superscript labels country being rich or poor. However, the fractionof researchers in poor country is larger than the one in rich country, ̄lp > ̄lr .Question 4 Part aIn which country, would you prefer to live in the short-run? How about in thelong-run?How long would it take for the poor country to reach rich one’s per capitaoutput level? Show your results analytically and graphically as well. (If you pre-fer solving this question numerically by assigning values to the above parametersand variables, feel free to do soBased on the above data answer the following for Country X:(a) Calculate the income index (b) Calculate the education index(c) Calculate the health index (d) What is the value of the country’s Human Development Index (HDI)? (e) From your answer in part (d) Country X should fall under which of the four HDI groups?
- 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)Based on the hypothetical information given below, analyze which country is in better position and give reason for both the indicators given below. Indicator Sri Lanka Bangladesh Gini Coefficient 0.35 0.55 HDI 0.780 0.635 Kuznets Ratio 4.05 5.35The source for this dataset is The World Bank. data.worldbank.org/indicator/NY.GDP.PCAP.CD(a) In 2022, what are the 6 richest countries in the world?(b) In 2022, what are the 6 poorest countries in the world(c) In 2022, how many times richer is the average person of the richest country thanthe average person of the poorest country in the world?2. For the countries that have data for 1960, compute the average ANNUAL growth rate ofper capita GDP between 1960 and 2022.(a) What 5 countries have grown the MOST over this period? What are their growthrates?(b) What 5 countries have grown the LEAST over this period? What are their growthrates?3. Write down some of your thoughts about WHY some countries are rich and some countriesare poor.
- What is sen capability approach in development briefly identifies five sources of disparity between (measured) real incomes and actual advantages as discussed by sen?how a production function can help us understand differences in per capitaGDP across countries?No written by hand solution The table below shows national data for the economy of Westfall. Round your intermediate calculations to one decimal place. Enter your responses rounded to one decimal place with the exception of Real GDP per capita that can be entered as a whole number. a. Fill in the blanks in the table below. 201820192020Nominal GDP (in billions)$650$730$ GDP deflator (2010 = 100)112 121Real GDP (in billions)$ $617$ Population (in millions)44 45Real GDP per capita$ $13,854$14,349 b. The inflation rate in 2019 is %. c. The growth rate of real GDP per capita in the year 2020 is %.
- The Human Development Index (HDI) has been criticizedon a number of grounds by the critiques. Why? What are those criticisms?Identify ONE way that the data in the chart illustrate global economic differences between countries in the late twentieth century. b) Identify ONE similarity (other than GDP per capita) that might account for the low life expectancies of some of the world’s countries, as displayed in the chart. c) Explain ONE way in which longer life expectancies in some of the world’s countries, as displayed in the chart, have led to new political, economic, or social problems.Based from the material provided, give the point of view of the following classical economists on economic development. Explain the pros and cons. Economist Focus and viewpointAdam SmithDavid RicardoJohn Stuart MillThomas MalthusMarx and EngelsJosephSchumpeter Reflection:Do you think the concepts and views of the economists are true and relevant for economicdevelopment? (cite the theories/ views of the economist/s that are relevant)