Think of various indicators of development that you would like to see in your concept of...
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Think of various indicators of development that you would like to see in your concept of "economic development." Think about why per capita income, as measured, may or may not be a good proxy for these indicators. Find a copy of the Human Development Report and look at it to see how different indicators are combined to get the HDI. Do you think that method of combination is reasonable? Can you suggest a better combination? What do you think of the idea of presenting data on each of the indicators separately, instead of combining them? Think of the advantages and disadvantages of such an approach. Think of various indicators of development that you would like to see in your concept of "economic development." Think about why per capita income, as measured, may or may not be a good proxy for these indicators. Find a copy of the Human Development Report and look at it to see how different indicators are combined to get the HDI. Do you think that method of combination is reasonable? Can you suggest a better combination? What do you think of the idea of presenting data on each of the indicators separately, instead of combining them? Think of the advantages and disadvantages of such an approach.
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Think of various indicators of development that you would like to see in your concept of economic development Industrial progress Industrial progress is an important indicator of the economic developm... View the full answer
Related Book For
Accounting Principles
ISBN: 978-0470534793
10th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Posted Date:
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