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1. The GDP per capita is designed to measure
· the quality of life
· the value of goods and services produced by the population of this country
· the total output of a country divided by the total number of people
· the amount of money that is being earned per person in a country
2. The author considers GDP per head to be an inaccurate measure of quality of life in a country because
· it takes no account of depreciation of capital goods
· it only captures material wealth but excludes some phenomena which have an
increasing impact on the well-being of citizens
· it is based on market prices.
· it is normally revised after a certain period of time.
3. It can be inferred that had there been more awareness of the limitations of standard metrics, like GDP,
· the financial crises and recession could have been avoided
· bankers and borrowers would have felt worse-off
· there would have been less euphoria over economic performance in the years prior to the crisis
· the policymakers would have taken early measure to moderate the melt-down
4. The key message of the report is that the time is ripe
· to dismiss GDP and production measures
· to shift emphasis from measuring economic production to measuring people’s well-being in the context of sustainability
· to focus on material living standards that are more closely associated with measures of real household income and consumption
· to ensure that statisticians are independent of governments
Exercise № 6.
Дата публикования: 2015-04-10; Прочитано: 355 | Нарушение авторского права страницы | Мы поможем в написании вашей работы!