The table shows data for China and India for the year 2015. Compute the rGDP per capita to determine which country has the higher standard of living.

Which of the following are the different indicators included in the Human Development Index (HDI)? [Select Multiple] Group of answer choices Mean years of schooling of adults Hunger Index GDP per-capita Life expectancy at birth.

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

Cross country comparisons of GDP per capita typically use purchasing power parity equivalent exchange rates which are a measure of the long run equilibrium value of an exchange rate in fact we use PPP equivalent exchange rates in this model why could using this market exchange rate which sometimes change direct dramatically in a short period of time be misleading