Economists examined many indicators in order to determine the standard of living of citizens within a country. Identify any five of these indicators and explain how they are used to determine how well-off citizens are (exclude nnp, gdp & gnp)
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Economists examined many indicators in order to determine the standard of living of citizens within a country. Identify any five of these indicators and explain how they are used to determine how well-off citizens are (exclude nnp,
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- 9. Consider the following firms, and assume that Hong Kong is our domestic economy. Foreign Steel Company, HK-owner, (Firm 1) Domestic Oil Company, Indian-owner (Firm 2) Revenues Foreign Car Company, Italian-owner (Firm 3) Revenues $175 $200 Revenues $300 from sales from sales from sales Expenses Expenses Wages $50 Expenses Wages (to domestic $100 Wages $70 (to (to foreign workers) workers) workers) Steel $100 purchases (from firm 1) Oil $100 purchases (from firm 2) Profit $125 Profit $100 Profit $30 Compute the value added by each firm. Then, calculate the GDP and GNP of Hong Kong. No need to show derivations. VALUE ADDED Firm 1 Firm 2 Firm 3 foreignInstructions: Work with the exact data from the internet and please provide sources of those from where you have collected information.The chosen country is NEPALDiscuss how the country moved in the GNP per capita rankings and HDI rankings in the last three decades (1990-2020).Highest/Lowest GDP/GNP in the world (2017/2018/2019)
- There are a number of measures of aggregate economic activity, such as GDP, GNP, national income, personal income, and disposable personal income. Each of these measures can be a good indicator, depending on the issue under consideration. For each of the following issues, give your reasons for selecting one of the measures just mentioned as the best indicator to use in studying the issue: the proportion of income households save b. the relative share of earnings going to labor versus capital the total output of final goods and services а. с.A GDP deflator less than 1 indicates that an economy has experienced:Find gdp and nnp
- 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.Pakistan’s HDI value and rank Pakistan’s HDI value for 2019 is 0.557— which put the country in the medium human development category—positioning it at 154 out of 189 countries and territories. Between 1990 and 2019, Pakistan’s HDI value increased from 0.402 to 0.557, an increase of 38.6 percent. Table A reviews Pakistan’s progress in each of the HDI indicators. Between 1990 and 2019, Pakistan’s life expectancy at birth increased by 7.2 years, mean years of schooling increased by 2.9 years and expected years of schooling increased by 3.7 years. Pakistan’s GNI per capita increased by about 64.1 percent between 1990 and 2019. Table A: Pakistan’s HDI trends based on consistent time series data Life expectancy at birth Expected years of schooling Mean years of schooling GNI per capita (2017 PPP$) HDI value 1990 60.1 4.6 2.3 3,049 0.402 1995 61.5 5.0 2.8 3,206 0.426 2000 62.8 5.4 3.3 3,208 0.447 2005 64.0 5.7 4.5 3,780…Determine Life Expectancy Index, Education Index and Income Index for Country Y