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29 Sep 2019
The main reason why development economists take the international comparisons of GNI or GDP per capita seriously is because (please choose only one answer):
(a) The latest figures of material well-being as captured by GNI or GDP comparisons are the only way we have to measure recent economic development
(b) GNI or GDP per capita's latest estimates might reflect an economic growth of income per capita in the past.
(c) GNI or GDP per capita estimates take into account negative externalities.
(d) Alternative measures of economic development as captured by the Human Development Index (HDI) are perfectly correlated with GNI or GDP per capita.
The main reason why development economists take the international comparisons of GNI or GDP per capita seriously is because (please choose only one answer):
(a) The latest figures of material well-being as captured by GNI or GDP comparisons are the only way we have to measure recent economic development
(b) GNI or GDP per capita's latest estimates might reflect an economic growth of income per capita in the past.
(c) GNI or GDP per capita estimates take into account negative externalities.
(d) Alternative measures of economic development as captured by the Human Development Index (HDI) are perfectly correlated with GNI or GDP per capita.
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Joshua StredderLv10
29 Sep 2019