Identify an advantage and disadvantage of each

Reference no: EM13188616

Two indicators of economic development include Gross Domestic Product (GDP) and the Human Development Index (HDI). What is the difference between these two ways of measuring levels of economic development? Identify an advantage and disadvantage of each.

Reference no: EM13188616

Questions Cloud

What is the producers profit-maximizing : The price that consumers are willing and able to pay for this outputis $40 per unit. If it priduces this output, the firms average total cost is $43 per unit, and its average fixed cost is $8 per unit.

Jupiter''s four large moons : Which statement about Jupiter's four large moons is false?

Determine the profit maximizing output using algebra : Suppose that fixed costs increase by $50 but the prevailing market price remains unchanged. Using algebra determine the effects of this change in cost on the profit maximizing output and the optimal profit. Do you see any change from your answer t..

Salesman earns commission on the sales made : "A salesman earns commission on the sales made. The commission is based on the salesman's job code and sales amount. A salesman with a job code " P" for permanent employee, and sales above 3000 earns 4% commission on the sales made. Salesman with a j..

Identify an advantage and disadvantage of each : Two indicators of economic development include Gross Domestic Product (GDP) and the Human Development Index (HDI). What is the difference between these two ways of measuring levels of economic development Identify an advantage and disadvantage of ..

Sounding out words in storybooks : Carmenita is teaching her son to read by sounding out words in storybooks she reads to him. What approach is she using?

Determine total benefit and total cost from an activity : Suppose that the total benefit and total cost from an activity are, respectively, given by the following equations: B(Q) = 28Q - 5Q^2 and C(Q) = 100 + 8Q. (Note: MB(Q) = 28 - 10Q and MC(Q) - 8.)

Consideration in an agreement means : Consideration in an agreement means, Consideration required in an enforceable contract can take any of the following forms except:

Does your business have a timeframe : Benchmarking program worthy of every effort to bridge the gap and drive improvement in my opinion - Does your business have a timeframe in which to get to world class?

User Account

All Pages