The Human Development Index Was Proposed Because

question 79

Multiple Choice

The Human Development Index was proposed because

• A)people confuse nominal GDP and real GDP.
• B)nominal GDP and real GDP are subjective measures.
• C)of the limitations of real GDP as a measure comparing the standard of living in different nations.
• D)the GDP deflator changes if the base year is changed.
• E)different nations have different populations.

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Definitions:

Turnovers

The rate at which inventory or assets are sold and replaced or employees leave a company and are replaced over a given period.

Vertical Analysis

A method in financial analysis where each entry in a set of financial statements is listed as a percentage of another item, typically used for income statement and balance sheet analysis to show relative proportions.

Income Statement

A financial statement that shows a company's revenues and expenses over a specific period, resulting in net profit or loss.

Common-sized Balance Sheet

A balance sheet in which each line item is expressed as a percentage of total assets, facilitating comparison with other companies regardless of size.