GDP as a general indicator of general health of the economy is misleading. Discuss.

The table below presents a brief summary of City A’s total spending, local GDP, and population changes. Read the table and answer the following questions.                   2010 2020 Total spending ($ million) 89 104.12 Local GDP ($ millions) 110 134 Population 50,000 56,275 CPI deflators (2012=1) 0.96 1.05   Calculate % change for City A’s total spending from 2010 to 2020 in current dollars. *Results round to the nearest 2 decimal places.  Calculate % change for City A’s total spending from 2010 to 2020 in constant dollars. *Results round to the nearest 2 decimal places.  Why does % change calculated from constant dollars differ from % change calculated from current dollar? Calculate per capita spending in 2010 and 2020, respectively, using constant dollars. *Results round to the nearest dollar.  2010 per capita spending: 2020 per capita spending: Calculate the compound annual growth rate of per capita spending from 2010 to 2020…

Calculate GDP given the following.  Please leave off the dollar sign in your answers. Item Quantity Price Apples 10 $2 Oranges 20 $2 Bananas 30 $1

When considering GDP on a global scale, two issues stand out as particularly pressing. What exactly are these factors and whether or not they may be used when comparing GDPs?

GDP does not count productive services, such as child care, food preparation, cleaning, and laundry, provided within the household. Why are these things excluded? Is GDP a sexist measure? Does it understate the productive contributions of women relative to men? Discuss.

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

GDP is very widely used throughout the world as a measure of Economic health. Come up with your own example, either real or a scenario, that shows a flaw with using GDP as the only indicator of the well being of a society.

The table below presents a brief summary of City Y’s total spending, local GDP, and population changes. Read the table and answer the following questions.     2010 2020 Total spending ($ million) 89 104.12 Local GDP ($ millions) 110 134 Population 50,000 56,275 CPI deflators (2012=1) 0.96 1.05   Calculate per capita spending in 2010 and 2020, respectively, using constant dollars. *Results round to the nearest dollar.    Calculate the compound annual growth rate of per capita spending from 2010 to 2020 Interpret what the two spending-to-GDP ratios tell us about City Y’s spending trend. Assuming City Y’s population grows at a constant rate in the next decade. Based on the information in the table, estimate City Y’s population in 2030.

am. 131.

The table below presents a brief summary of City A’s total spending, local GDP, and population changes. Read the table and answer the following questions.                   2010 2020 Total spending ($ million) 89 104.12 Local GDP ($ millions) 110 134 Population 50,000 56,275 CPI deflators (2012=1) 0.96 1.05 Calculate per capita spending in 2010 and 2020, respectively, using constant dollars.  *Results round to the nearest dollar.    2010 per capita spending:     2020 per capita spending:       2. Calculate the compound annual growth rate of per capita spending from 2010 to 2020              3. Calculate spending-to-GDP ratios in 2010 and 2020, respectively.  *Results round to the nearest 2 decimal places.  2010 spending-to-GDP ratio:     2020 spending-to-GDP ratio:     Interpret what the two spending-to-GDP ratios tell us about City A’s spending trend.        4. Assuming City A’s population grows at a constant rate in the next decade.…