What Economists use per capital GDP to measure and compare nations relative?

What Economists use per capital GDP to measure and compare nations relative?
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Answer :

Population
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For GDP purposes, do economists classify education spending as consumption, investment, or gov't spending?

Description : For GDP purposes, do economists classify education spending as consumption, investment, or gov't spending?

Last Answer : I don't think you can make that kind of generalization, lumping public and private education together. I've only taken AP Macroeconomics so I'm certainly no expert, but I would think that publicly ... though, that's a large generalization, the types of spending would have to be further broken down.

In a highly developed country the relative contribution of agriculture to GDP is (1) relatively high (2) relatively low (3) the same as that of other sectors (4) zero

Description : In a highly developed country the relative contribution of agriculture to GDP is (1) relatively high (2) relatively low (3) the same as that of other sectors (4) zero

Last Answer : (2) relatively low Explanation: In developed countries, the labor productivity of any commercial agriculture is high, so only a very small percentage of the population is involved with agriculture ... the primary sectors of the economy have sizeable contributions in the GDP of developing nations.

In a highly developed country the relative contribution of agriculture to GDP is (1) relatively high (2) relatively low (3) the same as that of other sectors (4) zero

Description : In a highly developed country the relative contribution of agriculture to GDP is (1) relatively high (2) relatively low (3) the same as that of other sectors (4) zero 

Last Answer : relatively low

The gross domestic product is 1. a measure of the profit made by all firms in the nation 2. the average annual earnings per person in the nation 3. a measure of the types of products produced by a nation 4. an overall measure of a nation's economic standing 5. none of these

Description : The gross domestic product is 1. a measure of the profit made by all firms in the nation 2. the average annual earnings per person in the nation 3. a measure of the types of products produced by a nation 4. an overall measure of a nation's economic standing 5. none of these

Last Answer : an overall measure of a nation's economic standing

The gross domestic product is A)a measure of the profit made by all firms in the nation. B)the average annual earnings per person in the nation. C)a measure of the types of products produced by a nation. D)an overall measure of a nation's economic standing.

Description : The gross domestic product is A)a measure of the profit made by all firms in the nation. B)the average annual earnings per person in the nation. C)a measure of the types of products produced by a nation. D)an overall measure of a nation's economic standing.

Last Answer : D)an overall measure of a nation's economic standing.

What indicators could replace the GDP to measure how well a nation is doing?

Description : What indicators could replace the GDP to measure how well a nation is doing?

Last Answer : Quality of living, Low environmental impact, distribution of wealth, healthy people, whether or not strangers smile at you on the street.

Inflation refers to a fall in the value of money. Which of the following is the key measure of inflation in India? A. Consumer Price Index B. Wholesale Price Index C. Personal Consumption Expenditures Price Index D. GDP Deflator E. All of the above

Description : Inflation refers to a fall in the value of money. Which of the following is the key measure of inflation in India? A. Consumer Price Index B. Wholesale Price Index C. Personal Consumption Expenditures Price Index D. GDP Deflator E. All of the above

Last Answer : B. Wholesale Price Index Explanation: Inflation rates in India are usually quoted as changes in the Wholesale Price Index, for all commodities. Many developing countries use changes in the Consumer Price Index (CPI) as their central measure of inflation.

GDP is defined as (a) The market value of all goods and services produced in the domestic economy during the year ; (b) Current value of all the capital goods produced in the country. ; (c) Sum of goods and services exported during the year. ; (d) All the capital goods and consumable goods produced and sold during the year

Description : GDP is defined as (a) The market value of all goods and services produced in the domestic economy during the year ; (b) Current value of all the capital goods produced in the country. ; (c) ... during the year. ; (d) All the capital goods and consumable goods produced and sold during the year

Last Answer : (a) The market value of all goods and services produced in the domestic economy during the year ; 

GDP at factor cost exceeds GDP at market price (a) When the factor income from abroad is negative ; (b) When depreciation on fixed capital exceeds income in investment; (c) When direct tax exceeds indirect tax ; (d) When subsidies exceeds indirect taxes.

Description : GDP at factor cost exceeds GDP at market price (a) When the factor income from abroad is negative ; (b) When depreciation on fixed capital exceeds income in investment; (c) When direct tax exceeds indirect tax ; (d) When subsidies exceeds indirect taxes.

Last Answer : (d) When subsidies exceeds indirect taxes. 

GDP at market prices is the sum of Consumption, Investment, Government Spending and Net Exports. „Net‟ exports is (a) Gross exports minus depreciation ; (b) Exports minus imports ; (c) Gross exports earnings minus capital inflow ; (d) Export minus imports of merchandize

Description : GDP at market prices is the sum of Consumption, Investment, Government Spending and Net Exports. „Net‟ exports is (a) Gross exports minus depreciation ; (b) Exports minus imports ; (c) Gross exports earnings minus capital inflow ; (d) Export minus imports of merchandize 

Last Answer : (b) Exports minus imports ;

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Description : Pick out the wrong statement. (A) Longer tubes are less expensive per unit heat transfer area as compared to shorter tubes (B) A cost index is merely a number for a given year ... butt welded joints are less expensive compared to lap welded joints, because squaring of plates is not necessary

Last Answer : (D) Plates with butt welded joints are less expensive compared to lap welded joints, because squaring of plates is not necessary

Do economists ever get it right?

Description : Do economists ever get it right?

Last Answer : Economics is a religion. What else is the mythical “Inivisible hand of the free market”, other than a God, ruling from above high?

How Did Economists Get It So Wrong?

Description : How Did Economists Get It So Wrong?

Last Answer : They left out the human factor and greed. Investment banks, like Goldman Sachs, out together trashy investments opportunities that they knew would fail with no consideration fro what that would do to the greater economy as long as they came out on top.

What is an economist’s contribution to the development of a region ? -Geography

Description : What is an economist’s contribution to the development of a region ? -Geography

Last Answer : The largest contribution to the study of development has been made by economists. An economist looks at development in terms of economic progress, which is expressed in terms of enhancement ... in the formulation of theories and models and have earned greater acceptability in policy formulation.

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‘Economists and politicians drew two key lessons from inter-war economic experiences.’ Explain. -SST 10th

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Last Answer : (i) Full employment : An industrial society based on mass production cannot be sustained without mass consumption. But to ensure mass consumption, there was a need for high and stable ... , output and employment. Economic stability could be ensured only through the intervention of the government.

“Economists of the 19th century identify three types of movements or ‘flows’ within international economic exchanges.” Explain. -SST 10th

Description : “Economists of the 19th century identify three types of movements or ‘flows’ within international economic exchanges.” Explain. -SST 10th

Last Answer : (i) The flow of trade : The flow of trade refers largely to trade in goods. For example, wheat travelled from Russia, America and Australia to Britain. (ii) The flow of labour : This ... long distances. For example, capital flowed from financial centres such as London to other parts of the world.

Briefly summarise the two lessons learned by the economists and politicians from the post-war economic experience. -SST 10th

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Last Answer : In post-war system, two lessons were learned by the economists and politicians. One was to ensure mass consumption in an industrial society by high and stable income. Another one was to ensure ... in the industrial nations through the Bretton Woods institutions, namely, the IMF and the World Bank.

Mention the two key lessons learnt from the inter-war economic experiences by the economists and politicians after the Second World War. -SST 10th

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Last Answer : The two lessons learnt by the economists and politicians during the Second World War were: First: An industrial society based on mass production needs mass consumption. For mass consumption, steady ... could be achieved only if the government controls the flow of goods, capital and labour.

What steps were taken by the economists and politicians of the world to meet the global economic crisis that arose after the Second World War? -SST 10th

Description : What steps were taken by the economists and politicians of the world to meet the global economic crisis that arose after the Second World War? -SST 10th

Last Answer : The steps taken are as follows: (i) Bretton Woods Conference established IMF to deal with external surplus and deficit of its members. (ii) The World Bank was set up to finance post-war ... system was based on fixed exchange rates. (iv) Dollar was anchored to gold at a fixed price.

Among Indian Economists who had done pioneering work on National Income ? -Do You Know?

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Among Indian Economists who had done pioneering work on National Income ? -Do You Know?

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Do you think the demand for economists will rise in feature?

Description : Do you think the demand for economists will rise in feature?

Last Answer : Hello! Most definitely it Will at least be a very good and high paying profession. Not many People have the interest to deal with numbers, let alone economy. If you are willing to prepare yourself ... increase, i dont believe it willWgo down as economy is very important regardless of where you are.

Why were economists opposed to of the treaty of Versailles?

Description : Why were economists opposed to of the treaty of Versailles?

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After the fall of the economy in 1929, what did classical economists believe to be the solution to the Great Depression?

Description : After the fall of the economy in 1929, what did classical economists believe to be the solution to the Great Depression?

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Which economists published the Tableau économique?

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The industrial revolution began in Great Britain partly because economists there?

Description : The industrial revolution began in Great Britain partly because economists there?

Last Answer : unrestricted trade

The industrial revolution began in Great Britain partly because economists there?

Description : The industrial revolution began in Great Britain partly because economists there?

Last Answer : unrestricted trade

Which of the following economists is called the Father of Economics? (1) Malthus (2) Robinson (3) Ricardo (4) Adam Smith

Description : Which of the following economists is called the Father of Economics? (1) Malthus (2) Robinson (3) Ricardo (4) Adam Smith

Last Answer : (4) Adam Smith Explanation: Adam Smith, a Scottish moral philosopher and a pioneer of political economy, is cited as the "father of modern economics." He is best known for two classic works: The ... Wealth of Nations (1776). The Wealth of Nations is considered as the first modern work of economics.

The idea that government's fiscal policy can be used to stabilize the level of output and employment can be attributed to which of the following economists: a) Frederich Hayek b) Ludwig von Mises c) Frederic Bastiat d) John Maynard Keynes

Description : The idea that government's fiscal policy can be used to stabilize the level of output and employment can be attributed to which of the following economists: a) Frederich Hayek b) Ludwig von Mises c) Frederic Bastiat d) John Maynard Keynes

Last Answer : d) John Maynard Keynes John Maynard Keynes's 1936 book, 'The General Theory of Employment, Interest, and Money' laid the foundations for Macroeconomics

Which one of the following economists is associated with Portfolio approach of demand for money ? (a) Keynes (b) Tobin (c) Friedman (d) Baumol

Description : Which one of the following economists is associated with Portfolio approach of demand for money ? (a) Keynes (b) Tobin (c) Friedman (d) Baumol

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10. There is a great scope for ______ working as a team to solve problems of defence by using the Operations Research approach a. Economists b. Administrators c. Statisticians and Technicians d. All of the Above

Description : 10. There is a great scope for ______ working as a team to solve problems of defence by using the Operations Research approach a. Economists b. Administrators c. Statisticians and Technicians d. All of the Above

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Classical economists’ neglects---- side in their theories. (a) demand (b) supply © savings (d) investment

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Neoclassical economics concerns itself with the determination of various prices. In the branch of Microeconomics, economists are concerned with _________, while in Macroeconomics they consider _________ (a) Price rises: price falls ; (b) Real prices: nominal prices ; (c) Individual product prices: the aggregate price level ; (d) Costs to consumers: costs to producer

Description : Neoclassical economics concerns itself with the determination of various prices. In the branch of Microeconomics, economists are concerned with _________, while in Macroeconomics they consider _________ (a) Price ... prices: the aggregate price level ; (d) Costs to consumers: costs to producer

Last Answer : (c) Individual product prices: the aggregate price level ; 

In addition to three Central problem of economy, the additional problem(s) raised by the Modern economists is / are (a) Are the resources fully utilized or not ; (b) How efficient is the production and distribution system; (c) Whether the capacity to produce or grow is increasing or is static ; (d) All the three

Description : In addition to three Central problem of economy, the additional problem(s) raised by the Modern economists is / are (a) Are the resources fully utilized or not ; (b) How efficient is the production and ... (c) Whether the capacity to produce or grow is increasing or is static ; (d) All the three

Last Answer : (d) All the three

1. Which right conferred by the Constitution of India is also available to non-citizens? 2. What is the relative permeability of a paramagnetic material? 3. The United Nations declared 2008 as which International Year? 4. On which thing Erosion of soil by a river mainly depends? 5. What was the main basis of social organization in India during the early medieval period?

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Last Answer : Answer : 1. Freedom to speech 2. Greater than unity 3. Planet Earth 4. Its speed at which it flows 5. Caste 6. US 7. Hyderabad 8. Right to Education 9. 35 gm 10. Land revenue system 11. ... Sher Shah 16. Exonuclease 17. Second year 18. Increases 19. Lebanon, Syria, Turkey and Jordan 20. Dara Shikoh

Does this graph of median income and per capita GDP pretty much say it all?

Description : Does this graph of median income and per capita GDP pretty much say it all?

Last Answer : answer:You might find the Gini coefficient interesting. We keep some bad company in the income inequality department. But don’t worry. If you work hard enough you will be rich someday. ~

Which country has the highest GDP per capita?

Description : In which country do people live best? That is, which country has the highest gdp per capita. 

Last Answer : The fact that GDP has to do with a nation's standard of living, yet I don't think it clearly determines how well people live there. GDP otherwise ... Niger 407 186 Madagascar 402 187 Malawi 354 188 Central African Republic 332 189 Burundi 304                                                          

What statement refers to per capita GDP?

Description : What statement refers to per capita GDP?

Last Answer : The average household level of production declined last year.

How do you find the increase in GDP per capita GDP?

Description : How do you find the increase in GDP per capita GDP?

Last Answer : What is the answer ?

Which of the following is a better measurement of Economic Development? (1) GDP (2) Disposable income (3) NNP (4) Per capita income

Description : Which of the following is a better measurement of Economic Development? (1) GDP (2) Disposable income (3) NNP (4) Per capita income

Last Answer : (4) Per capita income Explanation: Per capita income or average income or income per person is the mean income within an economic aggregate, such as a country or city. It is calculated by taking a ... individuals and nation. Besides, it helps to show the level of inequality in a society or country.

Poverty line is expressed in terms of an overall _______ A. Per capita Income B. Per Capita consumption expenditure C. Per Capita entertainment expenditure D. Per Capita development expenditure E. Per Capita GDP

Description : Poverty line is expressed in terms of an overall _______ A. Per capita Income B. Per Capita consumption expenditure C. Per Capita entertainment expenditure D. Per Capita development expenditure E. Per Capita GDP

Last Answer : B. Per Capita consumption expenditure Explanation: In India consumption-expenditure has been made the basis for the measurement of the minimum standard. The usual method is to fix a poverty level. This level is expressed in terms of an overall per capita consumption-expenditure.

Energy consumption per unit of GDP is called as: a) Energy Ratio b) Energy intensity c) Per capita consumption d) None

Description : Energy consumption per unit of GDP is called as: a) Energy Ratio b) Energy intensity c) Per capita consumption d) None

Last Answer : Energy intensity

Which of the following is a better measurement of Economic Development ? (1) GDP (2) Disposable income (3) NNP (4) Per capita income

Description : Which of the following is a better measurement of Economic Development ? (1) GDP (2) Disposable income (3) NNP (4) Per capita income

Last Answer : Per capita income

A tool that allows an advertiser to compare the costs of several vehicles within a specific medium relative to the number of persons reached by each vehicle is called a A)cost comparison indicator. B)media comparison selector. C)unit -price selector. D)cost/person index. E)vehicle/price indicator.

Description : A tool that allows an advertiser to compare the costs of several vehicles within a specific medium relative to the number of persons reached by each vehicle is called a A)cost comparison indicator. B)media comparison selector. C)unit -price selector. D)cost/person index. E)vehicle/price indicator.

Last Answer : A)cost comparison indicator.

The theory that an employee will compare his or her job inputs and outcomes relative to others is called: (a) Employee Theory ; (b) Comparative Theory ; (c) Performance Theory ; (d) Equity Theory

Description : The theory that an employee will compare his or her job inputs and outcomes relative to others is called: (a) Employee Theory ; (b) Comparative Theory ; (c) Performance Theory ; (d) Equity Theory

Last Answer :  (d) Equity Theory 

What is one measure of how much value a nations economy generates compared to the size of its population?

Description : What is one measure of how much value a nations economy generates compared to the size of its population?

Last Answer : Per capita gross domestic product

Cultural differences have implications for the development of a marketing mix. Culture includes A)a country's political system and national laws. B)the concepts, values, and tangible items that make up a particular society. C)a measure of a nation's economic standing. D)quotas on imports and stringent health and safety requirements. E)the stability of the government.

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Last Answer : B)the concepts, values, and tangible items that make up a particular society.

Is A simple index is used to measure the relative change in one variable.?

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Last Answer : What is the answer ?

What weather instrument is used to measure relative humidity?

Description : What weather instrument is used to measure relative humidity?

Last Answer : A psychrometer or a hygrometer are weather instruments used to measure relative humidity.