eco

What does the Human Development Index measure?

• Only per capita income

• Only health

• Only education

• Per capita income, health, and education

According to Amartya Sen, what is development about?

• Creating freedom for people

• Removing freedom from people

• Creating obstacles for people

• Increasing poverty

What is the GINI Coefficient used to measure?

• Health inequality

• Income inequality

• Gender inequality

• Education inequality

What is the value range of the GINI Coefficient?

• 0 to 0.5

• 0 to 10

• 0 to 100

• 0 to 1

What is the Kuznets Ratio used to measure?

• Gender inequality

• Education inequality

• Health inequality

• Income inequality

What is Human Capital defined as?

• The GDP of a country

• Physical assets of a company

• Intangible asset or quality of a worker

• The total income of a person

What is the role of education in economic development?

• It hinders the growth of GDP

• It reduces the productivity of labor

• It has no impact on economic development

• It absorbs modern technology and generates growth

What is the relationship between health and productivity of labor?

• Health increases the productivity of labor

• Health increases the private incomes

• Health decreases the private incomes

• Health has no impact on productivity

What is the concept of human capital recognized by employers?

• Human capital is not an asset

• Not all labor is equal

• Loyalty and punctuality are not valued

• All labor is equal

According to Adam Smith, how does improving human capital benefit society?

• It has no impact on society

• It does not benefit society

• It only benefits the rich

• It leads to a more profitable enterprise