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.
Question
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.
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GROSS NATIONAL INCOME PER CAPITAAND HUMAN DEVELOPMENT INDEXFOR SELECTED COUNTRIESCountry Gross National Income per Capita Human Development IndexNorway 63,980 0.94Australia 47,160 0.93Canada 46,070 0.91South Korea 38,340 0.90Argentina 20,270 0.83Brazil 15,160 0.76South Africa 13,090 0.69India 7,060 0.64Kenya 3,250 0.59Source: World Bank, United Nations Development Programme, 2017Based 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.
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)
Which of the following do we get when we divide thenational income of a country by its total population?[1](i) Per Capita Income(ii) Gross Development Product(iii) Human Development Index(iv) None of the above
Human Development Index is part of A. Soft Power index B. Part of Hard Power Index C. Part of strong currency D. Part of weak currency
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
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