Why the population growth is higher in developing countries then the developed ones?
Why the population growth is higher in developing countries then the developed ones?
Several factors are responsible for the rapid growth: a drop in mortality rates, a young population, improved standards of living, and attitudes and practices which favor high fertility.
Why does a huge population affect the economic development of a country?
A large population has the potential to be great for economic development, but limited resources and a larger population puts pressures on the resources that do exist. One of the biggest impacts on economic development is the geographic features of the environment. Different countries have different natural resources.
Why is economic growth so important to developing countries?
Why economic growth is important Economic growth is particularly important in developing economies. Reduced Unemployment. A stagnant economy leads to higher rates of unemployment and the consequent social misery. Economic growth leads to higher demand and firms are likely to increase employment.
What are the three indicators of economic development?
The indicators of economic development are:
- Growth rate of National Income:
- Per Capita Income (PCI):
- Per Capita Consumption (PCC):
- Physical Quality Life Index (PQLI) and Human Development Index (HDI):
- Industrial progress:
- Capital formation:
What is the best indicator of economic development of any country?
Per capita income or average income measures the average income earned per person in a given area in a specified year. It is calculated by dividing the area’s total income by its total population. Conventionally, per capita income is used as an index of development.
Which one is not an indicator of economic development?
Decreased women participation in job market is not an indicator of economic development. It is not an indicator of economic development as the decreasing percentage of women will generate lower level of national income, in turn national output of an economy will also get decreased.
Which is the better indicator of development?
HDI
How does economic growth compare to two countries?
Since GDP is measured in a country’s currency, in order to compare different countries’ GDPs, we need to convert them to a common currency. One way to compare different countries’ GDPs is with an exchange rate, the price of one country’s currency in terms of another. GDP per capita is GDP divided by population.
How can we measure the economic development of a country?
Answer. Economic development of a country can be measured by its per capita income, literacy rate, health status, infant mortality rate and life expectancy of persons living in that country.
What four measures are the most important indicators of the health of the economy?
How might these survey results inform you as an investor? Gross domestic product (GDP) is a common measure of the value of output. Inflation measures the currency’s purchasing power. Unemployment measures the extent to which the economy creates opportunities for participation.
Does the market reflect the economy?
Jeff Madrick: We know the stock market often doesn’t reflect the economy. But another new factor is that the stock market’s relative stability right now is coming mostly from only one sector: technology. The rises in stock prices is much stronger for technology companies than it is for most other companies.