What are some additional strengths and weaknesses of the Human Development Index as a comparative measure of human welfare? If you were designing the HDI, what might you do differently, and why?

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: Are living standards of developing and developed nations converging?

A: The developed and developing countries are classified on the basis of their per capita income. The…

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: Describe and justify your choice of the most appropriate indicators, such as GDP, literacy rates,…

A: The measure which estimates the value being added in a country which is the sum of the final value…

Q: In what way, may a population become a hindrance for development? Expal

A: For the following reasons, population can be a limiting factor in economic development:

Q: Will free trade and perfect competition lead to an equalization of wage rate across countries?…

A: According to price equalization theory, or the Heckscher-Ohlin Samuelson theory, due to the free…

Q: nanotechnology only for the rich? Can we use or produce nanotechnology in a developing country?

A: (1a) Nanotechnology perhaps advancing a 'technical fix' approach, there is a worry that high section…

Q: Explain the implication of the human development index of the Philippines over the years. Is it good…

A: Human development index indicates the standard of living in a country.

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 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: Can the HUMAN DEVELOPMENT INDEX alone measure a country's level of development?

A: Economic growth refers to the increasing value of goods and services in a given time period.…

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: List the different ways used to measure the wealth of nations?

A: We can measure the wealth and growth of a nation by the ‘gross domestic product’ or GDP and ‘gross…

Q: Why would you expect an inverse relationship between self-sufficiency and real GDP per capita?

A: The value of the total economic output of a country, adjusted for inflation, divided by the total…

Q: Using the World Bank’s World Development Indicators database,…

A: "GDP (gross domestic product) measures the value of all finished goods and services produced within…

Q: What is the difference between industrially advanced countries (IACs) and less-developed countries…

A: Economic development is the process of creating wealth for the benefit of the community. It's more…

Q: What responsibility do the most developed countries have, the world leaders have, to assisting some…

A: Developed country A country is considered a developed country if it has a high level of quality of…

Q: b) i. Explain two reasons why some analysts argue that FDI will promote development & ii. two…

A: Hi! Thank you for the question As per the honor code, We’ll answer the first question since the…

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

A: The HDI is the human development Index by assigning value or weights to various indicators thereby…

Q: Is there a better way to classify a country other than the use of GDP and per capita? Explain

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

Q: Which of the following are the different indicators included in the Human Development Index (HDI)?…

A: The Human Development Index is a measurement that helps to evaluate the level of individual human…

Q: Why Primary Sector is important for the economic development? Explain the role of Agriculture, water…

A: In the primary sector, agriculture is regarded as the backbone of every economy because it is…

Q: 25, how many of the 10 largest cities will be located in developed countrie

A: Developed countries are those countries that have a good quality of life and offer all the amenities…

Q: explain why it is difficult to set aside funds for investment when you are in poverty

A: Poverty is a situation on which people do not have money to spend and afford basic necessities of…

Q: Suppose that there is a country with the following data for the year 2004: Indicator Life Expectancy…

A: The Human Development Index or HDI calculates a country's development through the four factors: mean…

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: Discuss the reason(s) why countries need to be rank in terms of its Human Development Index.

A: Human Development Index (HDI) is a tool used to summarize the level of human development. It helps…

Q: Is the heightened of people a unique feature of the current global era?

A: For sure we can concur, the heightened stream of people can be characterized as a special component…

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

A: Production function: It refers to the relationship between the inputs put in the production process…

Q: Does an open economy have better impact than closed economy? How? In what aspects? 250 words

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

Q: What is the HUMAN DEVELOPMENT INDEX? What does the HUMAN DEVELOPMENT INDEX tell us?

A: The countries around the world tend to focus on enhancing their development and growth. The…

Q: Why do people in developing countries move to largecities where they will find inadequate jobs and…

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

Q: How does Trade and Development Report 2012 describe impact of globalization on income distribution?

A: Globalization is the phenomenon that describes inter-connectivity of countries connecting them in…

Q: Why is economics central to an understanding of the problems of development?

A: Economics brings the significant changes to the structure of the economy, its institutions such as…

Q: how development economists approach problems of identifying causality, key approaches, and examples

A: Development economics is a discipline of economics that focuses on economic aspects of the…

Q: Identify any three (3) broad indicators of development and examine these in relation to the country…

A: i) The Human Development Index (HDI) developed by United Nations Development Program (UNDP) emphasis…

Q: How equitable is the distribution of income in the G7, Brazil, China, India, and other countries?…

A: Income inequality is defined as the difference between the income of rich and poor. In this, there…

Q: Why is economics central to an understanding of the problems of development?

A: The development of an economy is based on the development of the infrastructure, the industries and…