Question
Please help me with these. Thank you. 1. GDP, GNP and Human Development Index (HDI) are all economic measures that measure thewellbeing of people in
Please help me with these. Thank you.
1. GDP, GNP and Human Development Index (HDI) are all economic
measures that measure thewellbeing of people in a country.*
True
False
2.Economic growth is measured as an increase in real GDP.*
True
False
3.The major variables of HDI are literacy rates, life
expectancy, income per capita and inequality rates.*
True
False
4.The rate of population growth has a major impact on the
nation's economy.*
True
False
5.The level of wages in a country is directly related to the
level of productivity of workers in that country.*
True
False
6.Economic Development may require a change in some of the
social institutions of a nation.*1 point
True
False
7.Practically all income in underdeveloped nations is used to
purchase consumer goods, which leaves little, if anything, for savings.*
True
False
8.Because few households can afford to save much, most
developing countries depend heavily on corporations for their domestic
nongovernmental (i.e., private) savings.*
True
False
9.One of the major problems of underdeveloped nations is that
they do not have enough people engaged in agriculture.*
True
False
10.Developing countries typically have low real GDP per capita,
high birth rates, low education, and low savings rates.*
True
False
11.The money sent home by workers who emigrate from a developing
country can benefit the country as a source of foreign exchange, but it can
hurt the country if the most skilled and educated professionals are
leaving.*
True
False
12.As incomes rise there tends to be a shift of labor from the
services sector to the industrial sector.*
True
False
13.Y/Y is determined by s/k.*
True
False
14.Capital and Income has an inverse relationship because of the
trade-off.*
True
False
15.Countries without savings has no way to increase growth
thereby going into a vicious circle.*
True
False
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