G3: Which of the following components are used in calculating Human Development Index (HDI) by UNDP? 1. Life expectancy at birth 2. Mean years of schooling 3. Expected years of schooling 4. Gross Domestic Product per capita More than one correct
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G3: Which of the following components are used in calculating Human Development Index (HDI) by UNDP?
1. Life expectancy at birth
2. Mean years of schooling
3. Expected years of schooling
4. Gross Domestic Product per capita
More than one correct
Step by step
Solved in 3 steps
- The following national income data are available for a country. All data are in billion dollars. Category Value Residential Investment 110.00 Payments of Factor Income to the rest of the world 50.00 National Income 2,154.00 Inventory Adjustment 0.00 Personal Consumption Expenditure 1,540.00 Depreciation 66.00 Exports 132.00 Nonresidential Investment 220.00 Receipts of Factor Income from the Rest of the World 70.00 Government Transfer Payment 200.00 Statistical Discrepancy 0.00 Imports 242.00 Using the above information calculate the values of GDP, GNP, NNP and Government Consumption and Gross Investment (G). GDP equals $ billion. (Enter your response as an integer.)Examples of GDP and GNPwhy are International comparisons of GDP misleading
- The following national income data are available for a country. All data are in billion dollars. Category Value Residential Investment 100.00 Payments of Factor Income to the rest of the world 50.00 National Income 1,960.00 Inventory Adjustment Personal Consumption Expenditure 0.00 1,400.00 Depreciation 60.00 Exports 120.00 Nonresidential Investment 200.00 Receipts of Factor Income from the Rest of the World Government Transfer Payment Statistical Discrepancy 70.00 200.00 0.00 Imports 220.00 Using the above information calculate the values of GDP, GNP, NNP and Government Consumption and Gross Investment (G). GDP equals $ billion. (Enter your response as an integer.) NNP equals $ billion. (Enter your response as an integer.) GNP equals $ billion. (Enter your response as an integer.) Government Expenditureequals $ billion. (Enter your response as an integer.)“The GDP of a country does provide an accurate indicator of the welfare of its citizens”Pakistan’s HDI value and rank Pakistan’s HDI value for 2019 is 0.557— which put the country in the medium human development category—positioning it at 154 out of 189 countries and territories. Between 1990 and 2019, Pakistan’s HDI value increased from 0.402 to 0.557, an increase of 38.6 percent. Table A reviews Pakistan’s progress in each of the HDI indicators. Between 1990 and 2019, Pakistan’s life expectancy at birth increased by 7.2 years, mean years of schooling increased by 2.9 years and expected years of schooling increased by 3.7 years. Pakistan’s GNI per capita increased by about 64.1 percent between 1990 and 2019. Table A: Pakistan’s HDI trends based on consistent time series data Life expectancy at birth Expected years of schooling Mean years of schooling GNI per capita (2017 PPP$) HDI value 1990 60.1 4.6 2.3 3,049 0.402 1995 61.5 5.0 2.8 3,206 0.426 2000 62.8 5.4 3.3 3,208 0.447 2005 64.0 5.7 4.5 3,780…
- If we want to enhance our measure of national economic well being beyond what GDP figures tell us, what other behaviors should be report on.Which of the following statements is FALSE? The GDP of a country equals the value of final output produced within the borders of that country The GNP of a country equals the value of final output produced using factors owned by residents of the country. ⒸGDP = net income received from abroad by residents of a nation + GNP GDP represents the most commonly used measure of an economy's outputUse the table to find GDI, GDP, gross private domestic investment, personal income, and personal disposable income. (All amounts in trillions of dollars.) Profit Indirect business taxes Rent Interest Wages Depreciation Consumption Government spending Imports Social Security contributions Exports Government transfer payments Personal income taxes and nontax payments Corporate taxes and retained earnings 2.8 .8 .7 .8 8.2 1.3 11.0 1.8 1.7 2.0 1.5 2.0 1.7 .5
