Why can GDP per capita be a misleading indicator of the economic standard of living in a

Question:

Why can GDP per capita be a misleading indicator of the economic standard of living in a country?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Introduction To Economics Social Issues And Economic Thinking

ISBN: 9780470574782

1st Edition

Authors: Wendy A. Stock

See More Books

Question Posted: Oct 28, 2023 12:02 AM

See More Questions

Why is net profit often a misleading indicator of the profit impact of a market strategy for a company like General Motors?
KYC's stock price can go up by 15 percent every year, or down by 10 percent. Both outcomes are equally likely. The risk free rate is 5 percent, and the current stock price of KYC is 100. (a) Price a...
1. To gauge living standards across countries with populations of different sizes, economists use __________. 2. In poor countries, the relative prices for non-traded goods (such as household...
Describe what happens if you put the double quotes in the print statement of HelloWorld.java on different lines, as in this code fragment: System.out.println("Hello, World");
Comment on the following statement: The conditions for foreign buyers interested in U.S. targets could not be more auspicious. The dollar is weak, M&A financing is harder to come by for financial...
Enter the following in the personal accounts (i.e. the creditor and debtor accounts) only. Do not write up the other accounts. Balance-off each personal account at the end of the month. After...
Indicate the functions associated with the investing cycle.
During 2014, Pretenders Furniture Company purchases a carload of wicker chairs. The manufacturer sells the chairs to Pretenders for a lump sum of $59,850 because it is discontinuing manufacturing...
Does Africa's colonial past affect its current economic position in the world? Why or why not? Back your points up with references only to Steger, Ellwood, Learning Materials, and resources below....
In the calculation of GDP, which of the following purchases is included as household consumption expenditure? a. A new apartment building purchased by a landlord b. A new calculator required for a...
If a newspaper headline indicates that U.S. net exports were $190 billion in 2011, it likely means that a. U.S. exports were $190 billion and U.S. imports were zero. b. U.S. imports were $190 billion...
Can an electron at rest in a magnetic field be set into motion by the magnetic field? What if it were at rest in an electric field?
A diagonal of a square connects the points (-4,3) and (2,-3). Find the area and the perimeter of the square.
What are the points of intersection of the straight line y=-5x+3 and the parabola y=2x^(2)-x-3?
If you invested $12,000 in an account, which earns 2.25% compounded quarterly, how much is in your account after five (5) years?
Find how much substance you will have after 10 hours of a substance that began with 30 grams and has an 8 hour half-life. Round to the nearest hundredth. Use the half-life equation...
The number V of computers infected by a computer virus increases according to the model V(t) = 100e^(4.673t), where t is the time in hours. Find the number of computers infected after 0.5 hours, 2...
The element europium exists in nature as two isotopes: 151 Eu has a mass of 150.9196 amu, and 153 Eu has a mass of 152.9209 amu. The average atomic mass of europium is 151.96 amu. Calculate the...
Problem 2. (0.6 points, 0.2 points for each question) (a) A company turns its inventory 2 times a month. Its months-of-supply = Its days-of-supply = Please show your analysis below: _months. days. (1...
Explain the total cost approach and why it may cause conflicts in some firms. Give examples of how conflicts might occur between different departments.
Discuss why economies of scale in transportation might encourage a producer to include a regional merchant wholesaler in the channel of distribution for its consumer product.
Discuss some of the ways that air transportation can change other aspects of a Place system.
The past few weeks have been very difficult for 39-year-old Ana Marie Hunnicutt. In that time frame, her father, Alvaro Rodriguez, a longtime resident of Yuma, Arizona, was diagnosed with terminal...
Required: Moab Incorporated manufactures and distributes high-tech biking gadgets. It has decided to streamline some of its operations so that it will be able to be more productive and efficient....
What is unjust enrichment? Did Clarence Turcott receive an unjust enrichment from his daughter Deann because of her work done on the estate? How specifically? In his new will Clarence declared "I...

Why can GDP per capita be a misleading indicator of the economic standard of living in a

Question:

Step by Step Answer:

GDP per capita which represents the Gross Domestic Product GDP of a country divided by its population is a commonly used indicator to assess the economic standard of living in a country However it can ...View the full answer

Introduction To Economics Social Issues And Economic Thinking

Students also viewed these Business questions