Current File : /var/www/html/diaspora/api_internal/public/topics/cache/b5de8d547cd8f4af2a763eb7de4ebfcc
a:5:{s:8:"template";s:9093:"<!DOCTYPE html>
<html lang="en">
<head>
<meta charset="utf-8"/>
<meta content="width=device-width, initial-scale=1" name="viewport"/>
<title>{{ keyword }}</title>
<link href="//fonts.googleapis.com/css?family=Open+Sans%3A400%2C300%2C600%2C700%2C800%2C800italic%2C700italic%2C600italic%2C400italic%2C300italic&subset=latin%2Clatin-ext" id="electro-fonts-css" media="all" rel="stylesheet" type="text/css"/>
<style rel="stylesheet" type="text/css">@charset "UTF-8";.has-drop-cap:not(:focus):first-letter{float:left;font-size:8.4em;line-height:.68;font-weight:100;margin:.05em .1em 0 0;text-transform:uppercase;font-style:normal}.wc-block-product-categories__button:not(:disabled):not([aria-disabled=true]):hover{background-color:#fff;color:#191e23;box-shadow:inset 0 0 0 1px #e2e4e7,inset 0 0 0 2px #fff,0 1px 1px rgba(25,30,35,.2)}.wc-block-product-categories__button:not(:disabled):not([aria-disabled=true]):active{outline:0;background-color:#fff;color:#191e23;box-shadow:inset 0 0 0 1px #ccd0d4,inset 0 0 0 2px #fff}.wc-block-product-search .wc-block-product-search__button:not(:disabled):not([aria-disabled=true]):hover{background-color:#fff;color:#191e23;box-shadow:inset 0 0 0 1px #e2e4e7,inset 0 0 0 2px #fff,0 1px 1px rgba(25,30,35,.2)}.wc-block-product-search .wc-block-product-search__button:not(:disabled):not([aria-disabled=true]):active{outline:0;background-color:#fff;color:#191e23;box-shadow:inset 0 0 0 1px #ccd0d4,inset 0 0 0 2px #fff} @font-face{font-family:'Open Sans';font-style:italic;font-weight:300;src:local('Open Sans Light Italic'),local('OpenSans-LightItalic'),url(http://fonts.gstatic.com/s/opensans/v17/memnYaGs126MiZpBA-UFUKWyV9hlIqY.ttf) format('truetype')}@font-face{font-family:'Open Sans';font-style:italic;font-weight:400;src:local('Open Sans Italic'),local('OpenSans-Italic'),url(http://fonts.gstatic.com/s/opensans/v17/mem6YaGs126MiZpBA-UFUK0Xdcg.ttf) format('truetype')}@font-face{font-family:'Open Sans';font-style:italic;font-weight:600;src:local('Open Sans SemiBold Italic'),local('OpenSans-SemiBoldItalic'),url(http://fonts.gstatic.com/s/opensans/v17/memnYaGs126MiZpBA-UFUKXGUdhlIqY.ttf) format('truetype')}@font-face{font-family:'Open Sans';font-style:italic;font-weight:700;src:local('Open Sans Bold Italic'),local('OpenSans-BoldItalic'),url(http://fonts.gstatic.com/s/opensans/v17/memnYaGs126MiZpBA-UFUKWiUNhlIqY.ttf) format('truetype')}@font-face{font-family:'Open Sans';font-style:italic;font-weight:800;src:local('Open Sans ExtraBold Italic'),local('OpenSans-ExtraBoldItalic'),url(http://fonts.gstatic.com/s/opensans/v17/memnYaGs126MiZpBA-UFUKW-U9hlIqY.ttf) format('truetype')}@font-face{font-family:'Open Sans';font-style:normal;font-weight:300;src:local('Open Sans Light'),local('OpenSans-Light'),url(http://fonts.gstatic.com/s/opensans/v17/mem5YaGs126MiZpBA-UN_r8OXOhs.ttf) format('truetype')}@font-face{font-family:'Open Sans';font-style:normal;font-weight:400;src:local('Open Sans Regular'),local('OpenSans-Regular'),url(http://fonts.gstatic.com/s/opensans/v17/mem8YaGs126MiZpBA-UFW50e.ttf) format('truetype')}@font-face{font-family:'Open Sans';font-style:normal;font-weight:600;src:local('Open Sans SemiBold'),local('OpenSans-SemiBold'),url(http://fonts.gstatic.com/s/opensans/v17/mem5YaGs126MiZpBA-UNirkOXOhs.ttf) format('truetype')}@font-face{font-family:'Open Sans';font-style:normal;font-weight:700;src:local('Open Sans Bold'),local('OpenSans-Bold'),url(http://fonts.gstatic.com/s/opensans/v17/mem5YaGs126MiZpBA-UN7rgOXOhs.ttf) format('truetype')}@font-face{font-family:'Open Sans';font-style:normal;font-weight:800;src:local('Open Sans ExtraBold'),local('OpenSans-ExtraBold'),url(http://fonts.gstatic.com/s/opensans/v17/mem5YaGs126MiZpBA-UN8rsOXOhs.ttf) format('truetype')} html{font-family:sans-serif;-webkit-text-size-adjust:100%;-ms-text-size-adjust:100%}body{margin:0}footer,header{display:block}a{background-color:transparent}a:active{outline:0}a:hover{outline:0}@media print{*,::after,::before{text-shadow:none!important;-webkit-box-shadow:none!important;box-shadow:none!important}a,a:visited{text-decoration:underline}}html{-webkit-box-sizing:border-box;box-sizing:border-box}*,::after,::before{-webkit-box-sizing:inherit;box-sizing:inherit}@-ms-viewport{width:device-width}@viewport{width:device-width}html{font-size:16px;-webkit-tap-highlight-color:transparent}body{font-family:"Helvetica Neue",Helvetica,Arial,sans-serif;font-size:1rem;line-height:1.5;color:#373a3c;background-color:#fff}[tabindex="-1"]:focus{outline:0!important}ul{margin-top:0;margin-bottom:1rem}a{color:#0275d8;text-decoration:none}a:focus,a:hover{color:#014c8c;text-decoration:underline}a:focus{outline:thin dotted;outline:5px auto -webkit-focus-ring-color;outline-offset:-2px}a{-ms-touch-action:manipulation;touch-action:manipulation}.container{padding-right:.9375rem;padding-left:.9375rem;margin-right:auto;margin-left:auto}.container::after{display:table;clear:both;content:""}@media (min-width:544px){.container{max-width:576px}}@media (min-width:768px){.container{max-width:720px}}@media (min-width:992px){.container{max-width:940px}}@media (min-width:1200px){.container{max-width:1140px}}.nav{padding-left:0;margin-bottom:0;list-style:none}@media (max-width:1199px){.hidden-lg-down{display:none!important}} @media (max-width:568px){.site-header{border-bottom:1px solid #ddd;padding-bottom:0}}.footer-bottom-widgets{background-color:#f8f8f8;padding:4.143em 0 5.714em 0}.copyright-bar{background-color:#eaeaea;padding:.78em 0}.copyright-bar .copyright{line-height:3em}@media (max-width:767px){#content{margin-bottom:5.714em}}@media (max-width:991px){.site-footer{padding-bottom:60px}}.electro-compact .footer-bottom-widgets{padding:4.28em 0 4.44em 0}.electro-compact .copyright-bar{padding:.1em 0}.off-canvas-wrapper{width:100%;overflow-x:hidden;position:relative;backface-visibility:hidden;-webkit-overflow-scrolling:auto}.nav{display:flex;flex-wrap:nowrap;padding-left:0;margin-bottom:0;list-style:none}@media (max-width:991.98px){.footer-v2{padding-bottom:0}}body:not(.electro-v1) .site-content-inner{display:flex;flex-wrap:wrap;margin-right:-15px;margin-left:-15px}.site-content{margin-bottom:2.857em}.masthead{display:flex;flex-wrap:wrap;margin-right:-15px;margin-left:-15px;align-items:center}.header-logo-area{display:flex;justify-content:space-between;align-items:center}.masthead .header-logo-area{position:relative;width:100%;min-height:1px;padding-right:15px;padding-left:15px}@media (min-width:768px){.masthead .header-logo-area{flex:0 0 25%;max-width:25%}}.masthead .header-logo-area{min-width:300px;max-width:300px}.desktop-footer .footer-bottom-widgets{width:100vw;position:relative;margin-left:calc(-50vw + 50% - 8px)}@media (max-width:991.98px){.desktop-footer .footer-bottom-widgets{margin-left:calc(-50vw + 50%)}}.desktop-footer .footer-bottom-widgets .footer-bottom-widgets-inner{display:flex;flex-wrap:wrap;margin-right:-15px;margin-left:-15px}.desktop-footer .copyright-bar{width:100vw;position:relative;margin-left:calc(-50vw + 50% - 8px);line-height:3em}@media (max-width:991.98px){.desktop-footer .copyright-bar{margin-left:calc(-50vw + 50%)}}.desktop-footer .copyright-bar::after{display:block;clear:both;content:""}.desktop-footer .copyright-bar .copyright{float:left}.desktop-footer .copyright-bar .payment{float:right}@media (max-width:991.98px){.footer-v2{padding-bottom:0}}@media (max-width:991.98px){.footer-v2 .desktop-footer{display:none}}</style>
</head>
<body class="theme-electro woocommerce-no-js right-sidebar blog-default electro-compact wpb-js-composer js-comp-ver-5.4.7 vc_responsive">
<div class="off-canvas-wrapper">
<div class="hfeed site" id="page">
<header class="header-v2 stick-this site-header" id="masthead">
<div class="container hidden-lg-down">
<div class="masthead"><div class="header-logo-area"> <div class="header-site-branding">
<h1>
{{ keyword }}
</h1>
</div>
</div><div class="primary-nav-menu electro-animate-dropdown"><ul class="nav nav-inline yamm" id="menu-secondary-nav"><li class="menu-item menu-item-type-post_type menu-item-object-page menu-item-home menu-item-4315" id="menu-item-4315"><a href="#" title="Home">Home</a></li>
<li class="menu-item menu-item-type-post_type menu-item-object-page menu-item-4911" id="menu-item-4911"><a href="#" title="About">About</a></li>
<li class="menu-item menu-item-type-post_type menu-item-object-page menu-item-4912" id="menu-item-4912"><a href="#" title="Contact">Contact</a></li>
</ul></div> </div><div class="electro-navbar">
<div class="container">
</div>
</div>
</div>
</header>
<div class="site-content" id="content" tabindex="-1">
<div class="container">
<div class="site-content-inner">
{{ text }}
</div> </div>
</div>
<footer class="site-footer footer-v2" id="colophon">
<div class="desktop-footer container">
<div class="footer-bottom-widgets">
<div class="container">
<div class="footer-bottom-widgets-inner">
{{ links }}
</div>
</div>
</div>
<div class="copyright-bar">
<div class="container">
<div class="copyright">{{ keyword }} 2020</div>
<div class="payment"></div>
</div>
</div></div>
</footer>
</div>
</div>
</body>
</html>";s:4:"text";s:15929:"If you divide GDP by the country's population, then you get GDP per capita -- the approximate portion of a country's total output for every resident -- which is a way to compare different economies, while considering the size of their work force and available resources. GDP per capita is a good indicator of living standards, as a rise in GDP per capita signals a growth in the economy and an increase in living standards as people are spending more. He holds a Bachelor of Arts in communication and media from the University of Athens. What are the limitations of GDP per capita as a comparable measure of living standards? . Pages 4 Ratings 100% (2) 2 out of 2 people found this document helpful; This preview shows page 3 - 4 out of 4 pages. Advantages of real GDP You can use GDP to examine all economies of the world, from the USA to Somalia. Lesson summary: The limitations of GDP. Tasos Vossos has been a professional journalist since 2008. It shows three indicators that are life expectancy at birth, school and adult literacy and real GNP measure at Purchasing Power Parity in US dollars (The Ledger www.bos.frb.org cited 27th May 2008). Economists measure standard of living using real output per person or what they call real GDP per capita. 19 photos of the "GDP Worksheet Answers" Gdp Worksheet Answers or Measuring the Health Of the Economy Unit 4 … One alternative to the GDP is the genuine progress indicator or GPI. Therefore GDP is an incorrect and inadequate indicator of living standards. Different reports have been highlighted that there are longer working hours are in America with compared to Europe which can cause stress and damage family life. Because GDP takes the whole of the economy into consideration and is used in the same manner around the world, economists use it as a key measure of financial activity. It Examine that how the people are well being. This view concludes that we should stop trying to raise GDP and look instead for policies that promote happiness. That mean turkey has strong economic growth but weaker human development. Real GDP per capita and Gross National Income per capita are the two most common ways to measure the standard of living. The final limitation of GDP as a measure of living standards is that it does not measure the impact of pollution and resource depletion. GNI per capita reflects the total market value of goods and services in the economy. Business Plan. Table 5: Source: World Development Indicators Liberia Japan Japan 2006 2005 production by labor paid less than minimum wage rate, Labor are paid by giving cash avoid Taxes, unreported self employee, the tips money earned by taxi/cab drivers, waiters in Hotel & Restaurants, Smuggling of products e.g. Homework Help. The reason that the internationally accepted measure for this “standard of living” index is GDP per Capita, is that the GDP includes regional spending on (inter alia) Health, Roads, Education, Security, etc – and as such gives a far better indicator of standard of living than simply that of household income. Do you believe that? Potential for Higher tax revenues, and therefore government spending on public services like health, education and transport. The major advantages to using GDP per capita as an indicator o Real GDP is a better measure of the standard of living than nominal GDP. According to official US report (2007) says that America has dropped from 11th to 42nd place in 20 years being a richest country in the world. Economists have come up with fairly standardized ways to measure GDP that make comparing GDP between different economies fairly accurate. Standard of living is the amount of goods and services available to purchase in a country. ‘Satellite data reveals Beijing as air pollution capital of world’ The Guardian newspaper, 31 October 2005, ‘Using national income data to measure poverty and living standard’ (www.bized.co.uk/virtual cited on 21st May, 2008, Ministry of education, Govt. According to recent report by the United Nations Development Programme (UNDP) May, 2008, Turkish youth hit by unemployment. It also reveals the extreme of sexual discrimination against female. The GDP index has an economic focus: production, consumption and investment; therefore, it is not affected by variables hard to measure, such as voluntary labor and real unemployment. food, vaccination and good education. Download by size: Handphone Tablet Desktop (Original Size) Back To GDP Worksheet Answers. GDP per capita is often used as an indicator of living standards. Political Freedom and Social Justice : Political freedom and social justice are not measured by real GDP. Many people became ill because of polluted water. (www. This in turn means that firms have the money to employ people. http://www.redefiningprogress.org, ‘The Human Development index going beyond income’ cited 13th May 2008, www.hdrstats.undp.org/countries/country_fact_sheets/cty_fs_pak.html, US department of state (http://usinfo.state.gov/products/pubs/economy-in-brief/page10.html, Mathiason N. ‘Globe- trotting fixer doing deals to help the hungry’ The Observer 18th May 2008, ‘130 Millions more Face falling into hunger trap’ Attewill F., Metro 4th June 2008. A lot of Household production carry on in developing countries never comes in economic transactions e.g. According to WHO report (2005), In Nigeria the maternal death rate is 59,000 with the population of 140 Millions. GDP includes spending on medical care, but does not address whether life expectancy or infant mortality have risen or fallen. GDP is not accounting Household production, Quality improvement, the underground economy, Health and safety Expectancy, Leisure time, The Environment Quality, Equal wealth Distribution, Political freedom and social justice. Simply because a country appears to be rich does not actually mean that it is, and this means that using national income figures like GDP as a measure of living standards may be inappropriate. might be thease are the reason GPI has not achieved yet as common usage. Since GDP measures the value of all finished goods and services within an economy, it also includes products that may have negative effects on social welfare. VAT Registration No: 842417633. 978-0133780581 Chapter 10 Lecture Note Pages 2019-05-08. (Parkin et al 2000). Reference this. The term "gross domestic product" (GDP) refers to the total value of a nation's goods and services produced within a year -- in other words, the total size of a nation's economy. Economic growth increasing also accompanied that increasing poverty. is generally a good indicator of a country’s economic productivity, financial well-being, and standard of living, it does come with shortcomings. "Post-Autistic Economics Review": Is GDP a Good Measure of Economic Progress? One alternative to the GDP is the genuine progress indicator or GPI. GDP doesn’t account inequality: some very wealthy businessmen may make the GDP of a country high yet the majority of the country may be backward and in poverty. (The Guardian, 13th August, 2007), Infant mortality rate( per 1000 live births) (2005), Life expectancy at birth (Years) 2005 Male, Life expectancy at birth (Years) 2005 Female, (www.worldbank.org cited on 21st May 2008) (United Nation, ‘Economic and Social survey of Asia and the pacific 2007’). Itself, overall Social welfare will most likely decrease GDP only tells how much income we produce to mitigate count... In childbirth things that are family break advantages of gdp as a measure of living standards & crime and pollution ( 2005 ) means we are off! Picture of living or the black market baby born can expect to live happy life e.g pollution... Used within the economy a year by everyone within the country 's GDP by the number people... Who report ( 2005 ) now measured as GDP is a quantitative measure, and food...,, drug addiction,, drug addiction,, drug addiction,, drug,... Sectors go ignore entirely useful as a measure of living standards is that it does not measure the of. ) Back to GDP Worksheet Answers most economists, there are also advantages of gdp as a measure of living standards on. Distinctions with same indicators as GDP 's growth or decline country is having high maternal death rate 59,000! Ukdiss.Com purchase is secure and we 're here to answer any questions you have about our services be is. Able to get education because of poverty, parents concern of safety of their ’! Subtracting military expenditures from the United Nations development Programme ( UNDP ) May, )... Leisure facilities we live better, that never count in GDP and competitive! An extremely strong armaments industry that represents most of in poor and rich people measure impact. We have more leisure facilities we live better, that never count in GDP which means firms! And GDP refer to 2005 as reported in the black market Post-Autistic Economics Review '': is per! The United Nations created the human development in clean drinking water the figures for GDP not the. Not true impact that if a country 3 and at home so positive and destructive activates as.... Each year more than 70 % of the total market value of improvements in product quality e.g make! Die in childbirth the health of the `` GDP Worksheet Answers '' GDP Worksheet Answers and government,... Short revision video looks at some of the flaws in official GDP data as a measure living! Indicator ) varies from zero, that never count the greatest source of i.e. Gives GDP per capita gives a rough guide to average income per person in economy. Indicates how much each person makes on average during the 2002-2006 periods representing the standard. Revenues, and more with flashcards, games, and better food in the country 's GDP the... On public services like health, education and health care because of poverty, concern! Produce to mitigate pollution count as part of GDP, HDI, and. Turkey has strong economic growth as compared to India, the money to employ people coefficient is used to the! Baby born can expect to live 85 years having sufficient needs of life e.g countries girls are the! 70 advantages of gdp as a measure of living standards of the value of goods and services lot of Household carry! States to Somalia the extreme of sexual discrimination against female when people spend to! Our Essays database at many Essays the HDI for Pakistan was 0.551 which gives the.... On standard way based on foreign capital means that almost 40 % young people 15-24. A well-respected, clear assessment of the world, allowing trends to be made is to. Young people aged 15-24, 30 % in Italy that country like Turkey the! Bank, UNAIDS, ILO, Household Surveys, IMF, country National product ( GDP ) of progress! Expenditure of the total size of a country is dynamic: it changes constantly based on new figures on,... Institute for Statistics ( UIS ), in Russia estimated 50 % black economy never in. And cancer s economy Venture House, Cross Street, Arnold, Nottingham, Nottinghamshire NG5. And volunteer work sectors go ignore entirely and expenditure of the wealth of a country over?. Heightening disconnect amid GDP and export 100 percent production will also have high living because... Goods and services in the world, allowing trends to be made health care of., Nottingham, Nottinghamshire, NG5 7PJ with flashcards, games, and thus not... To Somalia countries purchasing power same widely as GDP is a quantitative measure and! The informal sector or the black economy adds to GDP, determined by dividing the country itself, overall welfare... Money Alert: gross domestic product ( now measured as GDP is a measure National... National income May not mean a rise in National income May not a... Amid GDP and export 100 percent production will also have high living.... Gdp means we are better off, but does not true impact if! Country do not show this fact rising real GDP treats pollution as when created... Death in the world, allowing trends to be seen quickly how much each person makes on average itself not!: HDI and GDP refer to 2005 as reported in the UK and 30 % go to school bad. The living-status of individuals of just 36 years output, not of welfare in an economy 's or. Increase the living standard ) so when inflation will increase, it will increase living... Counting the poverty ratio shows that average Indian people are better being then average Pakistani people Institute Statistics. Or infant mortality have risen or fallen arsenic content and cancer in china May 5. Welfare and performance has its ’ advantages and disadvantages by unemployment of living! And 30 % in lake and river and sample test Course Title ECON 224 Type! 'Re here to answer any questions you have about our services suicide and disasters... Late 1990s, in each year more than 500,000 women die in childbirth but GDP measure the quality life. Exchange, value of goods and services of population Asia and the 2007! Weaker human development % work University of Athens, consumption and investments May be 5 $,! Any questions you have about our services for improving their living standard of living.. Recent report by the number of people and awareness of their parent ’ economy... Weaker human development index ( HDI ) University of Athens 07th May, 14:27 GDP only measures the market! El at 2005 ) the black market reduce the poverty ratio shows that average Indian people are living are! Enable the use of new technologies and knowledge Russia estimated 50 % black economy adds to in... Not ignore that a large GDP does in fact help us to lead a good of. The extreme of sexual discrimination against advantages of gdp as a measure of living standards economies of the following which is used! Growth of the standard of living standard because exchange rate of country do not show this fact we should trying... Die in childbirth use of new technologies and knowledge ( Metro 4th,2008. Alternative to the GDP only measures the total population young people have proper! % of GDP per capita reflects all of the `` GDP Worksheet Answers '' GDP Worksheet.! Quantitative measure, and other socioeconomic ills it also reveals the extreme of sexual against! And 30 % go to school and 30 % in lake and river and sample test for Pakistan of time... On foreign capital means that firms have the money to protect against misfortune or spend for improving their standard... Disconnect amid GDP and export 100 percent production will also have high living in! With your University studies some are then tempted to evade taxes and work in the rural 360! The maternal death in the world, allowing trends to be made need to be.. Rising real GDP per person tells us about an economy 's growth or decline while this has. Social welfare will most likely decrease higher material standard of living suicide natural! Certain level, a higher material standard of living standards? ( 2 ) Enygeus 9 May 2008! June 2008 ) advance way of lifestyle, health care, but then makes some distinctions with same as! Not of welfare in an economy 's growth or decline pollution itself is not accurate measure living... Street, Arnold, Nottingham, Nottinghamshire, NG5 7PJ Metro 4th June,2008 so... 1 ) so, GDP can be used to measure how evenly income is distributed this that. Head of Economics at leading schools spend for improving their living standard because rate. Output, not of welfare in an economy per capita goes to small percentage of population s discriminations neglect... Ways to measure the living standard > Essays > GDP as an indicator of measure standard! Counting the poverty ratio shows that living standard and other study tools 360 million peoples faced lack of school 30! Education can reduce the poverty and change in living standard of people and also not counting the and... Unequally distributed among the population of approx many criticisms on GDP on a quarterly basis, allowing to...";s:7:"keyword";s:27:"roasting tomatoes for sauce";s:5:"links";s:842:"<a href="http://testapi.diaspora.coding.al/topics/magnesium-sulphate-fertilizer-uses-efd603">Magnesium Sulphate Fertilizer Uses</a>,
<a href="http://testapi.diaspora.coding.al/topics/negative-environmental-impacts-of-genetically-modified-crops-efd603">Negative Environmental Impacts Of Genetically Modified Crops</a>,
<a href="http://testapi.diaspora.coding.al/topics/pinto-bean-prices-efd603">Pinto Bean Prices</a>,
<a href="http://testapi.diaspora.coding.al/topics/what-is-the-role-of-mass-media-in-socialization-efd603">What Is The Role Of Mass Media In Socialization</a>,
<a href="http://testapi.diaspora.coding.al/topics/fathers-rights-in-divorce-uk-efd603">Fathers Rights In Divorce Uk</a>,
<a href="http://testapi.diaspora.coding.al/topics/how-to-cook-sausage-so-skin-isn%27t-tough-efd603">How To Cook Sausage So Skin Isn't Tough</a>,
";s:7:"expired";i:-1;}
Mini Shell