Short Extended Questions (Desirable length of answers 80-90 words each)Per capita income provides only a partial picture of a country’s development ranking/classification. Given that development itself is a multidimensional phenomenon, a measure that incorporates multiple attributes is more appropriate.Do you agree/disagree with the statement? (25-30 words, 6 marks)Explain and illustrate your answer with appropriate examples (55-60 words, 14 marks)
Question
Short Extended Questions (Desirable length of answers 80-90 words each)Per capita income provides only a partial picture of a country’s development ranking/classification. Given that development itself is a multidimensional phenomenon, a measure that incorporates multiple attributes is more appropriate.Do you agree/disagree with the statement? (25-30 words, 6 marks)Explain and illustrate your answer with appropriate examples (55-60 words, 14 marks)
Solution 1
I agree with the statement that per capita income provides only a partial picture of a country's development ranking or classification.
Per capita income is a measure of economic output per person and is often used as an indicator of living standards or economic well-being. However, it does not take into account other important aspects of development such as health, education, equality, and environmental sustainability. For example, a country may have a high per capita income but low life expectancy, high illiteracy rates, high income inequality, or severe environmental degradation. Therefore, a more comprehensive measure of development is the Human Development Index (HDI), which combines income, education, and health indicators. For instance, despite having one of the highest per capita incomes in the world, Qatar ranks much lower in the HDI due to factors like education and life expectancy.
Solution 2
I agree with the statement that per capita income only provides a partial picture of a country's development ranking or classification.
Per capita income, while a useful measure of economic prosperity, does not account for other crucial aspects of development such as health, education, and quality of life. For instance, a country might have a high per capita income but poor health outcomes or low literacy rates. A more comprehensive measure like the Human Development Index (HDI), which includes life expectancy, education, and per capita income, provides a more holistic view of a country's development. For example, Norway, despite not having the highest per capita income, consistently ranks first in the HDI due to its strong performance in health and education.
Similar Questions
Based on the data in the table, which of the following statements explains a limitation of using gross national income per capita compared to the Human Development Index as a measure of development?ResponsesUsing gross national income per capita in a composite measure of development does not allow for cross-national comparisons of purchasing power, a key indicator of development.Using gross national income per capita in a composite measure of development does not allow for cross-national comparisons of purchasing power, a key indicator of development.Using gross national income per capita as a measure of development puts too much importance on economic production as the sole measure of development.Using gross national income per capita as a measure of development puts too much importance on economic production as the sole measure of development.The importance of gross national income per capita as a measure of development is reduced because it factors in life expectancy and education with the value of economic production.The importance of gross national income per capita as a measure of development is reduced because it factors in life expectancy and education with the value of economic production.Gross national income per capita does not factor in population and therefore reduces the overall accuracy as a measure of development.Gross national income per capita does not factor in population and therefore reduces the overall accuracy as a measure of development.The differences in gross national income per capita as a measure of development are less exaggerated between more developed countries than between less developed countries.
Which of the following measures economic development less by material output measures and more by capabilities and opportunities that people enjoy?Question 6Select one:a.HDIb.GNIc.GDPd.PPP
A problem with GDP per capita is:Group of answer choicesit is a rough measure of a country’s standard of living relative to other countriesit only calculates domestic productionit doesn’t take into effect the productivity of international marketsit doesn’t reflect differences in wealth within a country
Short Extended Questions (Desirable length of answers 80-90 words each)Developing countries use technologies, that are often more capital-intensive (high capital-labor ratio) than desirable.Do you agree or disagree with the statement? (25-30 words, 6 marks)Justify your answer (55-60 words, 14 marks)
besides size per capita income what are the property of income is important in comparing two or more societies
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