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How can an economic development be measured?
The UN has developed an extensively accepted set of indices to measure development in opposition to a mix of composite (element or compound) indicators:
• Human Development Index (HDI): It measures a country is average achievements into three fundamental dimensions of human development: educational attainment, life expectancy and adjusted real income (PPP$ per person).
• Human Poverty Index (HPI): It measures deprivation into fundamental human development by using % of people expected to die before age forty, percent of illiterate adult %, of people without access to health services as well as safe water and the percent of underweight children in five like indicators.
• Development diamonds demonstrate four key indicators into a country compared along with its income-group average that is access to safe water, gross primary enrolment, GNP per capita and average life expectancy for 2015.
State the term National income statistics National income statistics underestimate the true level of economic activity, and as people's living standards, because the non-moneti
The fact that price and quantity demanded are related negatively illustrates the? a. law of supply b. law of quantity supply c. law of demand d. law of quantity demande
Should the government increase, decrease or remain the same in its level of intervention when it comes to mandating that companies provide product information to consumers? What ha
Show the effects on the price level and real GDP of a major union wage settlement that significantly increases wages. Is this a supply shock, a demand shock, or both?
Composition and Direction of Trade: The impact of trade reforms can be observed from the changing structure of India's foreign trade in terms of diversity of production
A stock investor would like to have an idea concerning the average return of stocks that are traded on a certain exchange. In a sample of 99 stocks, the average return was 9 percen
unplanned changes in inventory are counted as inventory spending by firms.say true or false and justify
The rest of the world in the cross model Imports Im(Y) depends positively on Y in the cross model In the classical model, imports doesn't depen
Q. Explain the long-run Phillips curve? The long-run Phillips curve The augmented Phillips curve has an important consequence: the long-run Phillips curve must be vertical
The Concept of Growth and Growth Rate is explained below: Economic growth is rise in an economy’s level of the production of commodities, output or income. We can talk about th
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