Which Is the Better Measure of Development

question 46

Multiple Choice

Which is the better measure of development?

• A)Per capita income
• B)Purchasing power parity
• C)Human development index
• D)Rich-poor gap
• E)Corruption perception index

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Definitions:

Calzones

A type of Italian folded pizza, filled with various ingredients such as cheese, meats, and vegetables, then baked.

Inferior Goods

Goods whose demand decreases when consumers' incomes increase, opposite to normal goods.

Substitute Goods

Products or services that can be used in place of each other, where an increase in the price of one leads to an increase in demand for the other.

Income

The financial gain earned or received over a period of time, typically through employment, investments, or business operations.