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Questions and Answers
What does GDP per capita measure?
What does GDP per capita measure?
- Material well-being of the country
- Total production in the economy
- Total population of the country
- Average income per person in the economy (correct)
Why is GDP per capita considered a good indicator of the jobs being created?
Why is GDP per capita considered a good indicator of the jobs being created?
- Because it considers changes in technology
- Because it is calculated on output (correct)
- Because it shows the distribution of income
- Because it does not take population into consideration
Which limitation of using GDP per capita is mentioned in the text?
Which limitation of using GDP per capita is mentioned in the text?
- It considers the distribution of income
- It takes into account what people can buy
- It does not consider changes in technology
- It excludes unpaid work people do for charities (correct)
Why might a country with a high GDP per head not necessarily be better off than a country with a low GDP per head?
Why might a country with a high GDP per head not necessarily be better off than a country with a low GDP per head?
What factor does GDP per capita not take into account when measuring living standards, as mentioned in the text?
What factor does GDP per capita not take into account when measuring living standards, as mentioned in the text?
Why might the GDP per head be inaccurate according to the text?
Why might the GDP per head be inaccurate according to the text?
What is a limitation of using GDP per head as a measure of well-being?
What is a limitation of using GDP per head as a measure of well-being?
In what situation can an increase in GDP per head not necessarily improve people's well-being?
In what situation can an increase in GDP per head not necessarily improve people's well-being?
What is included in the Human Development Index (HDI) to compare living standards?
What is included in the Human Development Index (HDI) to compare living standards?
Why can comparing GDP per head across countries be unreliable?
Why can comparing GDP per head across countries be unreliable?
What does the Income index of the Human Development Index (HDI) measure?
What does the Income index of the Human Development Index (HDI) measure?
Why might an increase in GDP per head after a natural disaster not reflect an improvement in living standards?
Why might an increase in GDP per head after a natural disaster not reflect an improvement in living standards?
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