Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Its for my macroeconomics class. Thanks http://hdr.undp.org/en/ http://hdr.undp.org/en/humandev/ See the Measuring Human Development: The Human Development Index https://hdr.undp.org/data-center/country-insights#/ranks The following report list countries by HDI

Its for my macroeconomics class. Thanks

image text in transcribed
http://hdr.undp.org/en/ http://hdr.undp.org/en/humandev/ See the Measuring Human Development: The Human Development Index https://hdr.undp.org/data-center/country-insights#/ranks The following report list countries by HDI which is a measure of a country's welfare and one column list the GNI (Gross national income) which can be considered very similar to GDP per capita which is a measure of a country's wealth. HDR 2010 EN Table1 reprint Using the above report and the above links to the UN and considering GNI and GNI per capita answer the following questions. Use the GNI per capita rank minus HDI column which displays how the relative welfare compares to the GNI per capita. A negative number means the country does not fare as well in well-being as in income. (Hint look at Equatorial Guinea and some Middle East countries for examples.) A. What statistics or data in addition to per capita GNI are used to compose the HDI. B. Do the countries with the highest HDI also have the greatest GNI per capita? Why do you think this is the case? (Look at the top 25 countries in terms of High Human Development. Are they also high-income countries? Look at the bottom 25 countries in terms of Low Human Development; Are they also low-income countries? C. Can you make any generalization about high HDI index countries in terms of their GNI per capita? D. Can you make any generalization about low HDI index countries? For the following use the GNI per capita rank minus HDI rank column which displays how the relative welfare compares to the GNI per capita. A negative number means the country does not fare as well in well-being as in income. E. List some countries that have a discrepancy between its HDI and GNI per capita (GDP) per capita ranking? F. What possibly could account for this discrepancy? Is this an example of GDP not being an accurate measure of welfare

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Business Statistics

Authors: Robert A. Donnelly

2nd Edition

0321925122, 978-0321925121

Students also viewed these Economics questions