🏷️ LIMITED TIME OFFER: GET 20% OFF GRADE+ YEARLY SUBSCRIPTION →
Log in
Economics
8
answers
0
watching
440
views
14 Sep 2018

16) Why is the Human Development Index thought to be a better measure of economic well-being than real GDP per person? A) It includes leisure time and household production. B) It includes a measure of resource depletion. C) It includes health and education measures, as well as real GDP per person. D) It includes only health and education measures, ignoring real GDP per person. E) It ignores health, which is hard to measure.

word_media_image1.png
Watch
8
answers
0
watching
440
views

For unlimited access to Homework Help, a Homework+ subscription is required.

Unlock all answers

Get 1 free homework help answer.
Already have an account? Log in
Share
Already have an account? Log in
Share
Already have an account? Log in
Share
Already have an account? Log in
Share
Already have an account? Log in
Share
Already have an account? Log in
Share
Already have an account? Log in
Share
Lelia Lubowitz
Lelia LubowitzLv2
15 Sep 2018
Already have an account? Log in
Share

Related textbook solutions

Principles of Economics
2nd Edition, 2017
Openstax
ISBN: 9781947172364
Principles of Macroeconomics
2 Edition,
Openstax
ISBN: 9781947172388
Principles of Microeconomics
2 Edition,
Openstax
ISBN: 9781947172340

Related questions

The main reason why development economists take the international comparisons of GNI or GDP per capita seriously is because (please chose 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 “economic growth of income per capita” in the past

(c) GNI or GDP per capita estimates take into account “negative externatilities”

(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.

1. Which one of the following is not a limitation of GDP?

1) GDP does not include unpaid labor

2) GDP does not value leisure time

3) GDP does not consider environmental degradation

4) GDP does not consider capital depreciation

5) GDP does not account for resource depletion

2. Which one of the following measures is obtained by adjusting GDP?

1) Net Domestic Product

2) Adjusted Net Saving

3) Genuine Progress Indicator

4) Environmental asset accounts

5) Better Life Index

3. Which one of the following national accounting measures does not account for natural

resource depreciation or environmental damage?

1) Environmentally Adjusted Net Domestic Product

2) Genuine Progress Indicator

3) Human Development Index

4) Adjusted Net Saving

5) Environmental asset accounts

4. Which one of the following national accounting measures includes a subtraction for natural capital depreciation?

1) Environmentally Adjusted Net Domestic Product

2) Human Development Index

3) Better Life Index

4) Net Domestic Product

5) Environmental asset accounts

5. A negative value for adjusted net saving implies that ...

1) People in a country are not saving enough for retirement

2) Physical capital is being replaced faster than it is depreciating

3) Natural capital is depreciating faster than it is being replaced

4) Net growth of combined physical and natural capital is negative

5) Both natural capital stocks and physical capital stocks are increasing

6. Which one of the following statements is false?

1) Adjusted Net Saving is negative in some developing countries

2) Increases in natural resource exports will always increase Adjusted Net Saving

3) Gross Domestic Product fails to account for unpaid work

4) Environmentally Adjusted Net Domestic Product subtracts a value for natural capital depletion

5) Net investment is overstated if no adjustment is made for natural capital depletion

7. Which one of the following expenditures would increase the Genuine Progress Indicator?

1) Buying a home air filter

2) The cost of maintaining a prison

3) Cleaning up a toxic waste site

4) The cost of auto accident repairs

5) Providing expanded public education

8. Which of the following national accounting measures adjusts for defensive expenditures, natural resource depletion, and income inequality?

1) Environmentally Adjusted Net Domestic Product

2) Genuine Progress Indicator

3) Human Development Index

4) Adjusted Net Saving

5) Environmental asset accounts

9. Which one of the following measures would we expect to have the highest dollar value for a particular society?

1) Genuine Progress Indicator

2) Net Domestic Product

3) Gross Domestic Product

4) Environmentally Adjusted Net Domestic Product

5) Gross National Saving

10. A measurement of environmental stocks and functions in physical terms is called ...

1) Green accounting

2) Sustainable accounts

3) Ecological values

4) Environmental asset accounts

5) Critical natural capital

11. A factory is an example of what type of capital?

1) Manufactured capital

2) Human capital

3) Natural capital

4) Depreciated capital

5) National capital

12. Which one of the following is the best example of critical natural capital?

1) Diamonds

2) Soil

3) Hydropower

4) Natural gas

5) Willow trees

13. Net Domestic Product is obtained by subtracting what from Gross Domestic Product?

1) Net investment

2) Depreciation of natural capital

3) Net foreign borrowing

4) Depreciation of human capital

5) Depreciation of manufactured capital

14. Environmentally Adjusted Net Domestic Product subtracts which two variables from Gross Domestic Product?

1) Net investment and net foreign borrowing

2) Depreciation of natural and manufactured capital

3) Depreciation of human and manufactured capital

4) Depreciation of manufactured capital and net investment

5) Net investment and depreciation of natural capital

15. Which one of the following measures is not measured in monetary units?

1) Better Life Index

2) Net Domestic Product

3) Genuine Progress Indicator

4) Environmentally Adjusted Net Domestic Product

5) Adjusted Net Saving

16. What are three of the subtractions Adjusted Net Saving makes from gross national saving?

1) Depletion of natural resources, depreciation of human capital, depreciation of fixed capital

2) Depletion of natural resources, defensive expenditures, education expenditures

3) Depletion of natural resources, depreciation of fixed capital, defensive expenditures

4) Depletion of natural resources, depreciation of fixed capital, pollution damages

5) Depletion of natural resources, depreciation of human capital, pollution damages

17. The concept of critical natural capital is most strongly associated with which of the

following measures?

1) Genuine Progress Indicator

2) Environmental asset accounts

3) Net Domestic Product

4) Better Life Index

5) Human Development Index

18. What measure best incorporates the recommendations of the Sarkosy Commission?

1) Genuine Progress Indicator

2) Environmentally Adjusted Net Domestic Product

3) Human Development Index

4) Better Life Index

5) Adjusted Net Saving

19. What does the Adjusted Net Saving measure developed by the World Bank consider

as an integral component of national investment?

1) Education

2) Defensive expenditures

3) Unpaid labor

4) The value of consumer durable goods

5) Health care costs

20. Which one of the following statements offers the best assessment of the current status of environmental accounting measures?

1) Measures such as GNP and GDP should be discarded in favor of the use of environmental asset accounts

2) The Genuine Progress Indicator is the best alternative to GDP

3) The Human Development Index is the best alternative to GDP

4) No universally-accepted alternative for revising national accounting has been developed

5) Environmental services should always be accounted for in monetary terms

Related Documents

ECO 2117 Chapter 2: chapter 2 notes
crimsongoat0
ECO 2117
Final Exam
Study Guide
ECO 2117 Study Guide - Midterm Guide: Millennium Development Goals, United Nations Millennium Declaration, Gross National Income
goldbuffalo515
ECO 1102 Lecture Notes - Lecture 7: Gross National Income, Economic Security, Market Basket
orangecamel139

Weekly leaderboard

Home
Homework Help 3,900,000
Economics 400,000
Start filling in the gaps now
Log in