Most development economists now seem to agree that the level and rate of growth of GNI and

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

Question:

Most development economists now seem to agree that the level and rate of growth of GNI and per capita income do not provide sufficient measures of a country’s development. What is the essence of their argument? Give some examples.

Related Book For answer-question

Economic Issues and Policy

ISBN: 978-1285448770

6th edition

Authors: Jacqueline murray brux

See More Books

Posted Date: Jan 30, 2020 09:18 PM

See More Questions

GNI per capita income most recently was about 155 times greater in the United States than in the Congo. Suppose GNI per capita grows an average of 3 percent per year in the richest country and 6...
Per capita real GDP in country S is only half as great as per capita real GDP in country T. Country T's rate of economic growth is 4 percent. The government of country S, however, enacts policies...
What are the arguments for using real per capita GNI to compare living standards between countries? What weakness does this measure have?
Gamma Company adjusts its accounts at the end of each month. The following information has been assembled in order to prepare the required adjusting entries at December 31:1. A one-year bank loan of...
This problem continues the lottery of Problem 3.7.10 in which each ticket has 6 randomly marked numbers out of 1, . . ., 46. A ticket is a winner if the six marked numbers match 6 numbers drawn at...
What measures should be taken to avoid potential litigation over any new privacy policy?
This appeal involves the validity of a will executed in contravention of an earlier contract to make mutual wills. A husband and wife signed a contract to make mutual wills and then executed those...
Monte Services, Inc. is trying to establish the standard labor cost of a typical oil change. The following data have been collected from time and motion studies conducted over the past month. Actual...
Levinn's utility function is expressed as the following: U= C1 C2 0.3 where C1 is his first period consumption and C2 is his second period consumption. His income in the first period is $2500 and...
R. C. Coleman distributes a variety of food products that are sold through grocery store and supermarket outlets. The company receives orders directly from the individual outlets, with a typical...
12 Using f(x) = x (-2) + 6 f(6) Find
12. A Zinc and Copper half cell were connected under standard conditions. Calculate the standard cell potential of the Zinc/ Copper cell. (7marks) Tanis Thinking: a. /8 b. Mr. Samai Unit 5 Test Elect...
Problem 2 Angles in Time: Look for three pictures of clock or watch faces with hands. They don't need to be showing different times, but they need to be different clocks. These are called ANALOG...
We analyzed 50 processing times (listed in Table 2.4) for the development of price quotes by the manufacturer of industrial wheels. The intent was to determine whether the success or failure in...
What is the cone of depression? O the shape that the water table takes on near two pumping wells O the shape that the water table takes on near two inactive wells O the shape that the water table...
Coke (the beverage) is highly acidic, with a pH of 2.7! Find the concentration of hydronium ion in 900 ml of Coca-Cola. 9. Find the K, for chloride ion if for its conjugate, HC1 Ka= 1.3x106. 10. Find...
A firm has a debt-to-total assets ratio of 60%, $300,000 in debt, and a net income of $50,000. Calculate return on equity. Hint: this will be derived from the formulas: debt-to-total-assets total...
Anna, a high school counselor, devised a program that integrates classroom learning with vocational training to help adolescents at risk for school dropouts stay in school and transition to work...
Draw a graph of the market for a product, such as cocoa beans, assuming that the demand is inelastic (draw the demand curve relatively steep). Now draw in a supply curve that fluctuates from year to...
Do you think occupational crowding is widespread? Is the pressure for young women to enter traditional womens fields as great as it used to be? If you are a young woman, will you be entering a...
What is meant when we say that a public good is indivisible, nonrivalrous, and nonexcludable?
A candlestick chart is similar to a bar chart except that the candlestick chart: A. Represents upward movements in price with Xs. B. Also graphically shows the range of the periods highs and lows. C....
What considerations might encourage a market analyst to rely more on a top-down or bottom-up forecast of S&P 500 operating earnings?
Which of the following advantages listed by Ryan with respect to the earnings-based approach studied by Atkinson is most likely correct? The model A. Can be used for non-U.S. equity markets. B....

Most development economists now seem to agree that the level and rate of growth of GNI and

Question:

Expert Answer:

Most economists agree that the level and rate of growth of GNI and per capita income do not provide ... View the full answer

Economic Issues and Policy

Students also viewed these economics questions