The Measure of Poverty That Includes Life Expectancy, Literacy Rates

question 10

Multiple Choice

The measure of poverty that includes life expectancy, literacy rates, and years of schooling is known as the

• A) per capita GDP.
• B) Gini Coefficient.
• C) gender development index.
• D) Human Development Index.

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Definitions:

Nonexclusive Good

Good that people cannot be excluded from consuming, so that it is difficult or impossible to charge for its use.

Exclusive Good

A product or service that is only available to a specific group of consumers or requires special access, often characterized by high quality and price.

Negative Externality

A cost that affects a party who did not choose to incur that cost, often associated with environmental pollution.

Noxious Odors

Unpleasant or harmful smells that can cause discomfort or health issues.