Question
In: Economics
What are some of the other ways of comparing the standard of living in countries around...
- What are some of the other ways of comparing the standard of living in countries around the world?
Solutions
Expert Solution
ANSWER-
Comparing the standard of living among different countries in the world helps to rank the countries on the basis of many indicators. There are four main ways through which the standard of living can be compared.
1.) Gross domestic product (GDP) - It is the main way with the help of which the standard of living can be compared. It is the monetary measure which measures the market value of final goods and services produced in a country over a period of time. It inclued private consumption, governemnt expendititure, public expenditure, investment and net exports.
2.) Human developemnt index (HDI) - It is an another measure which is used to compare the standard of living of different countries. It composite of education, life expectancy, and per capita income
3.) Satisfaction with life index - This is the another ways to compare the standard of living of different countires. It measures that how people evaluate their life as a whole.
4.) Happy planet index - It measures the impact of human well being and the environment that with enivronment efficiency the people live long and happy lives.
Rahul Sunny answered 2 years agoRelated Solutions
There are many risks for companies to do business in other countries. What are some of...
There are many risks for companies to do business in other
countries. What are some of those risks? Can those risks be hedged?
If it is so risky to do business in other countries, why do
companies do it?
discuss ways the U.S. could apply some lessons learned from other countries to assist private business...
discuss ways the U.S. could apply some lessons learned from
other countries to assist private business in the conduct of
international trade.
Which of the following is not evidence of the lower standard of living among less-developed countries?...
Which of the following is not evidence of the lower standard of
living among less-developed countries? a. high percentage of
households headed by females b. high per capita real GDP c. low
life expectancy d. high infant mortality rate
Describe some of the ways that OREO cookies are promoted in different countries
Describe some of the ways that OREO cookies are promoted in
different countries
Does globalization increase standards of living around the world, or suffocate other cultures under an onslaught...
Does globalization increase standards of living around the
world, or suffocate other cultures under an onslaught of Big Macs
and Coca Cola?
Why are some countries today much poorer than other countries? Are today’s poor countries destined to...
Why are some countries today much poorer than other countries?
Are today’s poor countries destined to always be poorer than
today’s rich countries? If so, explain why. If not, explain how
today’s poor countries can catch or even pass today’s rich
countries.
An economist wonders if corporate productivity in some countries is more volatile than in other countries....
An economist wonders if corporate productivity in some countries
is more volatile than in other countries. One measure of a
company's productivity is annual percentage yield based on total
company assets. A random sample of leading companies in France gave
the following percentage yields based on assets.
4.5 5.9 3.5 3.3 2.2 3.5 2.8 4.4 5.7 3.4 4.1
6.8 2.9 3.2 7.2 6.5 5.0 3.3 2.8 2.5 4.5
Use a calculator to verify that the sample variance is s2 ≈...
An economist wonders if corporate productivity in some countries is more volatile than in other countries....
An economist wonders if corporate productivity in some countries
is more volatile than in other countries. One measure of a
company's productivity is annual percentage yield based on total
company assets.
A random sample of leading companies in France gave the following
percentage yields based on assets.
4.9
5.5
3.7
3.8
2.2
3.5
2.8
4.4
5.7
3.4
4.1
6.8
2.9
3.2
7.2
6.5
5.0
3.3
2.8
2.5
4.5
Use a calculator to verify that the sample variance is
s2 ≈...
An economist wonders if corporate productivity in some countries is more volatile than in other countries....
An economist wonders if corporate productivity in some countries
is more volatile than in other countries. One measure of a
company's productivity is annual percentage yield based on total
company assets.
A random sample of leading companies in France gave the following
percentage yields based on assets.
4.9
5.3
3.6
3.9
2.6
3.5
2.8
4.4
5.7
3.4
4.1
6.8
2.9
3.2
7.2
6.5
5.0
3.3
2.8
2.5
4.5
Use a calculator to verify that the sample variance is
s2 ≈...
An economist wonders if corporate productivity in some countries is more volatile than in other countries....
An economist wonders if corporate productivity in some countries
is more volatile than in other countries. One measure of a
company's productivity is annual percentage yield based on total
company assets.
A random sample of leading companies in France gave the following
percentage yields based on assets.
4.9
5.3
3.6
3.9
2.6
3.5
2.8
4.4
5.7
3.4
4.1
6.8
2.9
3.2
7.2
6.5
5.0
3.3
2.8
2.5
4.5
Use a calculator to verify that the sample variance is
s2 ≈...
ADVERTISEMENT
ADVERTISEMENT
Latest Questions
- The equivalent synchronous impedance of a 25kVA, 400V three-phase Y-connected synchronous generator is 0.05 + j1.6...
- You have $100,000 to invest in either Stock D, Stock F, or a risk-free asset. You...
- In two or three sentences, explain how you have seen the concept of grit work in...
- You have invested 30 percent of your portfolio in Jacob, Inc., 40 percent is Bella Co.,...
- Parallel Arrays This question is in MindTap Cengage Summary In this lab, you use what you...
- 5. You have invested 30 percent of your portfolio in Jacob, Inc., 40 percent is Bella...
- JAVA Write a test program that prompts the user to enter a series of integers and...
ADVERTISEMENT