how a production function can help us understand differences in per capitaGDP across countries?

Q: The Human Development Index (HDI) has been criticizedon a number of grounds by the critiques. Why?…

A: As an indicator of human advancement the human development index (HDI) provides quantitative value…

Q: 12. Calculate per capita income for both countries. Express the answer in thousands.

A: Y=F (K, L) = AK0.3L0.7 12.…

Q: Having both table as a reference answer both questions a. Is there a better way to classify a…

A: Yes, there is a better way to classify a country other than the use of GDP and per capita as these…

Q: 1. GDP is abbreviation of a) General Gross Price c) Gross Development Projects b) Gross Domestic…

A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

Q: What are the 12 economic growth indicators

A: Economic indicators help in gauging the performance of the nation. This also aids in comparison of…

Q: State using supportive research whether GDP should be used as a basis to measure a country’s…

A: GDP measures a country's value added, which is calculated as the total value of all products and…

Q: What are the componets of human development index ?

A: Human Development Index is developed by Mahbub Ul Haq and Amartya Sen.

Q: MFIs equally are a big contributor to the achievement of the Millenium Development Goals (MDGs).…

A: Microfinance Institutions are those which provide banking and lending facilities to the lower-income…

Q: What are the top 5 economic indicators you would like to include in the metric of assessing an…

A: Economic indicators help in understanding the economic position in a particular situation. Economic…

Q: Per capita, GNI is reliable only in countries that are based on a cash economy. True or false?…

A: Gross National Income (GNI) is a measurement of a country's income. The value of the dollar earned…

Q: The process by which a population gradually moves from high birth and death rates to low birth and…

A: Meaning of Macroeconomics: The term macroeconomics refers to the situation of economic and…

Q: Discuss the limitations of the use of the Gross Domestic Product(GDP) as a measurement of…

A: The total worth of products and services produced in an economy during a given time period is…

Q: What are the 20 economic growth indicators

A: Growth indicators are statistical findings that are used to judge the developmental changes of a…

Q: Aside from the GDP, what other measures may we use to better understand the level of development of…

A: Economic Development refers to the improvement in the living standard and quality of life eg. Life…

Q: What is the Measure of per Capital Real GDP so important? If an economist judges the welfare of the…

A: Per capita real GDP is important because it measures the average income of people.

Q: The method of measuring economic development developed by the UNDP is known as: O a. Gross Domestic…

A: UNDP measures the economic development by publishing a report on Human Development Report. This…

Q: How can the wealth of the nations measured by the using per capitagross national income (GNI)?

A: Gross National Income (GNI) is the total amount or the addition of all the amount received in the…

Q: Calculate the Human Development Indices (HDI) for 3 countries: Bangladesh, France & Somalia by using…

A: For calculating HDI, we need to first calculate   1) Life expectancy index  =     Given rate -…

Q: Are rapid economic growth (as measured by either GNI or per capita GNI) and a more equal…

A: Rapid economic growth refers to the faster or higher production of goods and services in an economy.…

Q: What are some additional strengths and weaknesses of the Human Development Index as a comparative…

A: The Human Development Index or the HDI is the proportion of investigating the development alongside…

Q: How docs the rate of population growth influence thelevel of GOP per Jl<'rson?

A: The "population growth rate" is the pace at which a population's number of individuals grows over…

Q: brosia and Burunda. Ambrosia's GDP per worker is 1.96 times that of Burunda. The ratio of investment…

A: Given Information , There are two countries : Ambrosia & Burunda Ya/La = 1.96 Yb/Lb…

Q: What is the following formula that could be used for calculating the per capita income of a…

A: According to the given question In simple words we can say that the total income or the per capita…

Q: Why is the number of people moving to cities in LDCS greater than the number of people moving to…

A: LDC stands for less developed countries and MDC stands for more developed countries.

Q: In 2015, approximately 59 percent of the adult population (250 million) was employed, among the…

A: The employment rate is used to measure the proportion of a nation's working-age population currently…

Q: What are the 15 economic growth indicators

A: Economic growth refers to the situation where there is an increase in the amount of goods and…

Q: Today, the Service Sector(s) are the most important elements in the Global Economy, but unpacking…

A: Although the service sector is currently the most important part of the global economy, there are…

Q: Explain what the human development index is,what it measure and what information reveals

A: Economic growth exhibits the percentage increment in the economy's output per capita over the period…

Q: What is PURA Model Development?

A: PURA stands for Providing Urban Amenities in Rural Areas.

Q: What are the positive effects and negative effects of the FDI from MNC to the developing countries?

A: Foreign direct investment is an investment in the form of controlling ownership in a company in one…

Q: Per capita income (or output) is the general measure used to compare the standard of living between…

A: If the country's population growth is higher than its economic growth, the per capita income will…

Q: ARE RAPID ECONOMIC GROWTH AS MEASURED BY GNI OR PER CAPITA INCOME CONFLICTS WITH A MORE EQUAL…

A: Economies undergo economic growth can be calculated Using two methods. Either it can be done using…

Q: How the covid 19 pandemic affected China's economic growth ? ( Explain using 10 economic indicators)

A: The Covid 19 pandemic has affected many countries around the world. Due to it, many economies have…

Q: A valid criticism of income level or GDP as an indicator of development is that it does not take the…

A: Below is the formula to compute GDP: GDP = C + I + G+ (X-M)C = Consumption I = InvestmentG =…

Q: If income per capita is growing at a constant rate 3%, how long will it take to double?

A: Number of years = 72 / Growth rate

Q: Discuss five (5) negative consequences of population growth

A: Population growth: - Population growth means an increase in the number of persons in a country.

Q: could complicate or

A: The activities which are directly being dependent upon the environment as they tend to refer to…

Q: What is stabilazation policies in economic development. Give example.

A: The shock that suddenly shifts the aggregate demand curve is called the demand shock and the shock…

Q: What is Impact of governement expenditure on economic growth in rwanda

A: After the decimation of 1994 which carried the Rwandan economy to grassroots, the public authority…

Q: We measure standards of living using GDP per capita.  Using the production function, which of the…

A: Total production function shows the how each inputs determine the total output For example,…

Q: We measure standards of living using GDP per capita. Using the production function, which of the…

A: Total production function shows the how each inputs determine the total output For example,…

Q: Define Primary Sector? Why is the role of the primary sector vital for economic development?

A: Activities specifically dependent on natural resources are referred to as the primary sector. It is…