Which of the following is TRUE about Human Development Index (HDI)?The HDI does not include economic aspect of life in a certain country.The ranking of the countries of HDI is same as the ranking of GDP.оThe range of the value is between 0 to 1.O All of the above

Human development index refers to the index released by UNDP. Human index analyses human development…

Answered: Which of the following is TRUE about…

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter15: Gross Domestic Product

Section: Chapter Questions

Problem 5SQ

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Calculate the PPP-adjusted GDP for each of the four countries, using the information found in the table below. Instructions: Round your answers to the nearest dollar. Country Ona Rye Zolfo Avon GDP ($) 9,000 12,800 14,100 23,100 Price level (%) 8 -24 -12 23 PPP-adjusted GDP 8,333 -3,072 16,022.73 18800 M
The table below showsa country's potential Gross Domestic Product (GDP) and true GDP. 1970e 19754 1980 GDP 2,500- 3,5004 4,5004 5,500e 6,500e 7,500- 8,500- Year 1985e 1990- 1995e 2000 Potential (billion) KDNK is 3,890- 4,9814 2,8804 3,988e 7,518e 7,983e 7,850t right(billion) i. Sketch a business cycle based on the data provided above ii. Describe the business cycle. e
Who helps calculate GDP in the United States? O the Census Bureau the Bureau of Economic Analysis the Bureau of Labor Statistics all of the above none of the above
Suppose that there are two individuals in an economy, Person 1 and Person 2. Person 1 buys asecond-hand car from Person 2 for $12,000.10. What is the change in GDP according to the Income Approach here? What is the changeof each person’s contribution to GDP according to the Income Approach? Suppose now instead that an individual was buying $400 of wine from a domestic producer ofwine. Now suppose that this individual decides to import $400 of wine instead.11. What is the change of Consumption (C), Investment (I), Government Spending (G), NetExports (NX), and GDP as calculated by the Expenditure Approach in this example?Finally, now consider the following table:Government Purchases of Goods andServices$58.5Indirect Taxes Less Subsidies $29Personal Income Taxes $41.5Wages and Compensation $165.5Interest on Public Debt $15.5Consumption Expenditure $168.4Exports $90.9Depreciation $33.5Imports $93.3Gross Investment $67.2Net Interest Income $19.0Business Profits Before Taxes $45.512. What is…
1) Which one is not considered in the calculation of the human development index? a) expected years of education b) GNI per capita c) life expectancy at birth d) life expectancy at the age of 20. 2) The Penn World Table includes several GDP figures. Suppose that you want to compare the standard of living in the Netherlands in 1985 with that of Poland in 2015. Which type of GDP is the best choice? a) CGDP° per capita, b) RGDP° per capita. c) RGDPN^ per capita. d) CGDP° per capita. 3) The Penn World Table calculates world prices in dollars by writing equations for the prices in which they suppose that they know a) the current exchange rates b) the nominal GDPs C) the real GDPs. d) the purchasing power parity exchange rates.
Explain why does production measure of GDP give the same results as the income method of GDP.
Our official GDP figures would overstate the true value of our nation's production if: O environmental damage occurred during production. O at-home or household production exists. O the quality of production has increased from previous years. an underground economy exists.
What are the criticisms with the two types of ranking (GDP and Per Capita)?
The computation of GDP by the income approach requires adding the income derived from the production and sales of final goods and services. What are the 6 income items AND what does the sum of these 6 incomes equal?
estion 2 Which statement is INCORRECT? To calculate the US GDP, statisticians add up the market value of our output. To calculate the US GDP, statisticians add up the value of all the intermediary and final output. Statisticians use the prices of goods and services like a ruler to measure the size and growth of US output. To calculate the US GDP, statisticians add up the output produced within the country, regardless of whether the people and businesses which produce that output are nationals of other countries. All the statements are correct. A Moving to the next question prevents changes to this answer. Q 7 $ 4 R % 5 19 T tv 6 MacBook Pro Y & 7 U * 00 8 4+ I Nc ( fr O O P Question 2 of 14 > W 13 = RA #1
The country of Caspir produces only cereal and milk. Quantities and prices of these goods for the last several years are shown below. The base year is 2008. Prices and Quantities Year Price of Cereal Quantity of Price of Milk Quantity of Cereal Milk 2008 $4.00 90 $1.50 150 2011 $6.00 150 $3.50 200 In 2011, this country's Select one: real GDP was $900, and the GDP deflator was 177.8 O.b. real GDP was $1065, and the GDP deflator was 150.2 Oc. real GDP was $900, and the GDP deflator was 150.2 O d. real GDP was $1065, and the GDP deflator was 177.8 Next page ge
What is the value of Laspeyres Price Index and Paasche Price Index of india quarterly from 2011 to 2020 s.o that i can estimate india gdp more accurately

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Which of the following is TRUE about Human Development Index (HDI)? The HDI does not include economic aspect of life in a certain country. The ranking of the countries of HDI is same as the ranking of GDP. о The range of the value is between 0 to 1. O All of the above