Question

A recent United Nations study concluded that Canada is the best country in which to live-...

A recent United Nations study concluded that Canada is the best country in which to live- that Canada has the best "quality of life". in view of the fact that Canada does not have the highest per capita real GDP in the world, explain how it can ranked as the 'best'.

Homework Answers

Answer #1

When evaluating the quality of index in a country, all the variables of human development like education, health, environment etc are considered. The education ;level of the country is high with high enrollment ratios and literacy rates. Health parameters are also well developed with high life expectancy rate and low death and birth rate. Environment quality is also clean in Canada. Thus, all the variables together determine the quality of life in a country instead of per capita income alone. Canada is ranked high on all human development parameters.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Economists tend to focus on real GDP per capita as their primary way of comparing living...
Economists tend to focus on real GDP per capita as their primary way of comparing living standards among countries. But they are also aware that real GDP per capita does not capture many factors that affect the quality of life. Go to the CIA World Factbook's rank-order page at go to https://www.cia.gov/ (Links to an external site.)Links to an external site., select Library, Publications, The World Fact Book, and Guide to Country Comparisons. Scroll down to the People section. Click...
The United Nations’ Human Development Index (HDI) is based on real GDP per year, life expectancy...
The United Nations’ Human Development Index (HDI) is based on real GDP per year, life expectancy at birth, and indicators of the quality and quantity of education. Please explain why the HDI might be better than real GDP as a measure of economic welfare. Do you think the HDI should be expanded to included items such as pollution, resource depletion, and political freedom? Explain. (Word limitation: 250-400 words)
select a country to focus on for analysis and comparison to the United States health care...
select a country to focus on for analysis and comparison to the United States health care system. feel free to choose any country of interest that you can find enough information on answer at least five of the seven questions below, including #7. - Who are the key players in your selected country and are they different than those of the U.S.? - How is health care funded overall in your selected country? - Is health care a right or...
The emissions of CO2from fossil fuel burning can be reported in different ways. For example, the...
The emissions of CO2from fossil fuel burning can be reported in different ways. For example, the Carbon Dioxide Information Analysis Center (CDIAC) reported in 2009 that China, the United States, and India ranked highest among world nations: a. Would the rankings change if expressed on a per capita basis? If so, which nation would rank first? b. CDIAC reports the per capita rankings on the basis of metric tons carbon emitted, rather than metric tonsCO2. Qatar leads the world in...
Assume that Canada and the United States both produce tea cakes and lumber, which are sold...
Assume that Canada and the United States both produce tea cakes and lumber, which are sold for the same price in each country. Below are the combinations of the two goods that each country can produce in one day, using the same quantities of capital and labor. Canada United States Tea Cakes (in pounds) Lumber (in tons) Tea Cakes (in pounds) Lumber (in tons) 0 60 0 50 10 45 10 40 20 30 20 30 30 15 30 20...
A recent study from China concluded that people with type O blood may have a lower...
A recent study from China concluded that people with type O blood may have a lower risk of contracting the new coronavirus than people with other blood types. About 41% of the world population has type O blood. A random sample of 750 people from one country is selected, of whom 375 have type O blood. Does the data suggest that the population proportion of type O blood in a selected country is different than the worldwide proportion? Conduct a...
6) A recent study from China concluded that people with type O blood may have a...
6) A recent study from China concluded that people with type O blood may have a lower risk of contracting the new coronavirus than people with other blood types. About 41% of the world population has type O blood. A random sample of 800 people from one country is selected, of whom 333 have type O blood. Does the data suggest that the population proportion of type O blood in a selected country is different than the worldwide proportion? Conduct...
The Federal Reserve Bank of St. Louis offers a wide range of economic data at its...
The Federal Reserve Bank of St. Louis offers a wide range of economic data at its Web site, called FRED (fred.stlouisfed.org/) including data for Japan. We can use these data to compare the behavior of real GDP per capita and inflation in Japan and Canada. a. Download annual data on real GDP per capita in Japan (JPNRGDPC) and for Canada (CANRGDPC) from 1960 to 2011. Chart the two data series on the same graph. How does real GDP per capita...
1) Which of the following variables corrects for the effects of population but no inflation? a)...
1) Which of the following variables corrects for the effects of population but no inflation? a) Real GDP b) Real GDP per capita c) Nominal GDP d) Nominal GDP per capita 2) Which of the following is TRUE? a) There was a lot of variation in real GDP per capita across countries in the year 1000 b) There was a lot of variation in real GDP per capita across countries in the year 2016 c) Both a and b d)...
Suppose that the United States and Canada can each produce two products: lumber and beef. Create...
Suppose that the United States and Canada can each produce two products: lumber and beef. Create a table like the one below, showing labor requirements per unit of output for each country. (Hint: Choose numbers for each country that are easily divisible by one another.) Labor Requirements per Unit of Output United States Canada Lumber 8tons 16tons Beef 10tons 5tons What does absolute advantage mean? How do you calculate absolute advantage? In what output(s) does the U.S. have an absolute...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT