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How can an economic development be measured?
The UN has developed an extensively accepted set of indices to measure development in opposition to a mix of composite (element or compound) indicators:
• Human Development Index (HDI): It measures a country is average achievements into three fundamental dimensions of human development: educational attainment, life expectancy and adjusted real income (PPP$ per person).
• Human Poverty Index (HPI): It measures deprivation into fundamental human development by using % of people expected to die before age forty, percent of illiterate adult %, of people without access to health services as well as safe water and the percent of underweight children in five like indicators.
• Development diamonds demonstrate four key indicators into a country compared along with its income-group average that is access to safe water, gross primary enrolment, GNP per capita and average life expectancy for 2015.
Regression Analysis This is a statistical tool which is used to discern the relationship among a dependent variable as like sales to one or more independent variables like adve
How much do you have to deposit today in order to allow 5 annual withdrawals, beginning at the end of year 8, with the first withdrawal of $1000 with subsequent withdrawals decreas
In the long run, imports will most likely be paid for with: a. Aexports. b. The sale of real and financial assets. c. the extension of credit. d. higher domestic unempl
1. Nations trade what they produce in excess of their own consumption to: A) generate jobs for the domestic economy. B) earn “good will” from the World Bank. C) prevent chronic sur
difference between gdp at market price and nnp at factor cost
Summary of the cross model The below list summarizes the cross model and associates it to classical model: Labor Market: Real wages W/P is exogenous in cross model
NATIONAL INCOME STATISTICS
I used to think that economic growth ( more production) was only possible / able to occur because banks lent out more than they had (fractional reserve credit banking). Apparently
Q. Relation between Money - wealth and income? Money isn't the same as wealth. An individual may be very wealthy however have no money (for instance by owning stocks and real e
Illustrate the statement - Currency inside banks is not money The fact that currency inside commercial banks is not money may strike you as odd, but it is an important principl
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