Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The United Nations Human Development Index (HDI) uses information about a country's life expectancy at birth (health), expected years of schooling and mean years of

The United Nations Human Development Index (HDI) uses information about a country's life expectancy at birth (health), expected years of schooling and mean years of schooling , and Gross National Income per capita (standard of living) . The scale utilized is varied between 1 (very good) to 0 (Not good) . For 2017, the United States had a value of 0.924, compared to 0.926 for Canada and 0.922 for the United Kingdom - very similar values.

Based on this information, suppose a developing country (such as Afghanistan and Haiti which each had a value of 0.498) asks for your advice on which country it should try toemulate in order to increase its level of development and economic growth.Which country would you choose?What additional information about each country wouldbe important to making this assessment.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Crashed How A Decade Of Financial Crises Changed The World

Authors: Adam Tooze

1st Edition

0143110357, 9780143110354

More Books

Students also viewed these Economics questions

Question

Is this really true, or am I just taking it for granted?

Answered: 1 week ago

Question

=+1. Describe the value chain of the media industry!

Answered: 1 week ago

Question

=+3. Draw the submodels of an integrated business model!

Answered: 1 week ago