What are the limitations of using gdp

Assignment Help Business Economics
Reference no: EM132795415

Why is it better to use the United Nations Human Development Index (HDI), rather than GDP, to measure human's quality of life? What are the limitations of using GDP to measure people's well-being? Give 3 examples.

Reference no: EM132795415

Questions Cloud

Define role of the federal government and first amendment : The preamble to the United States Constitution begins with the universal appeal "We the People ..." and George Washington, the first President.
What for the corporation the accounting equation will show : According to an existing contract and the customer agrees to pay for those services in 60 days, the accounting equation will show what for the corporation?
What is the ultimate decline in aggregate demand : What is the ultimate decline in aggregate demand if the MPS is .2 and consumer spending decreased by $88 billion and the government raised taxes by $110 billion
Which writing assignment was most beneficial : Should be three paragraphs in length and address these questions (one paragraph per question): Which writing assignment was most beneficial? Why?
What are the limitations of using gdp : What are the limitations of using GDP to measure people's well-being? Give 3 examples.
What the appropriate adjusting entry for the policy will be : On December 31, 2020 the appropriate adjusting entry for this policy (assuming no other entries have been made for the policy since October 1) will be
Which of the effects in the payment would result : During 2021, Buck paid $94,000 total to fix returned units under warranty. This payment would result in which of the following effects in 2021?
Compare the views of galileo and bacon : Compare and contrast the views of Galileo and Bacon. Explain why these two scientists had an impact on the development of psychology.
What is ptsd according to the text : What is PTSD according to the text? Is it a myth or a reality from your perspective? Some make the argument that social media expands the consciousness.

Reviews

Write a Review

Business Economics Questions & Answers

  What is the cost per piece produced

You have a machine that costs $30,000 now and can be sold for $13,000 in year 4. The machine costs $12,000 each year to operate and the raw materials cost $10,000 each year. The machine produces 500 pieces each year. Using an interest rate of 7%, wha..

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Explain how the listed events

Explain how the listed events, a) to d), would affect the following at the Ford Motor Company [make sure you explain and justify your answer):

  Market rate of substitution between goods x and y

1. A consumer has $300 to spend on goods X and Y. The market prices of these two goods are

  What salary represents the 15th percentile

What salary represents the 15th percentile? You MUST show what went into the calculator and then your final answer.

  Determine the us stock market performance

What microeconomic variables help determine the U.S. stock market performance?

  High degree of monopoly power

Is it a local, regional or national monopoly. What are some of the Barriers to Entry into this industry.

  Calculate the following variables

Individuals do not hold capital. The fiat money stock (monetary base) is $2000 in every period. Calculate the following variables:

  What will your retirement investment be worth

You are planning for retirement 34 years from now. You plan to invest $4,200 per year for the first 7 years, $6,900 per year for the next 11 years, and $14,500 per year for the following 16 years (assume all cash flows occur at the end of each year)...

  Draw a budget line showing all the different combinations

(A) Draw a budget line showing all the different combinations of the two goods that can be bought with the given budget.

  What is the dollar value of consumer surplus

The annual demand curve for the perfectly competitive milk market is P = 9 - 0.01 Q. This market is in long run equilibrium. The price of milk is $2.00 and each of the producers operate at minimum long run average cost (LAC). What is the dollar value..

  According to authors nash-lets win one for the gipper

According to authors Nash, Pretty and Stehouwer in "Let's Win One for the Gipper," which of the following were successes attributed to Ronald Reagan's presidency? Real growth in GDP increased 31 percent. American labor productivity increased 10.6 per..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd