A. P = ΣPnqn/Σpoqn
B. P = ΣPoqo/Σpnqn
C. P = ΣPnqo/Σpoqo
D. P = ΣPnqn/Σpoqo

A. equality
B. poverty
C. employment
D. human development

A. Most LDCs have less than 1/10 the per capita GNP of the U.S
B. A greater of GNP would have to be devoted to education to attain the same primary enrollment rates as in the U.S
C. Setting up western labor standard and minimum wages in labor-abundant LDCs is sensible
D. Most LDCs have a greater shortage of qualified teachers than the U.S does

A. Japan
B. South Korea
C. Taiwan
D. Singapore

A. disparity reduction rate, human resource development rate and the composite index
B. longevity, education and living standard
C. minimum schooling, adult literacy and tertiary educational attainment
D. human resource training development and R&D

A. Purchasing Power Parity
B. Physical Quality of Life Index
C. Human Development Index
D. The Laspeyres index

A. is defined as the annual number of deaths of infant under 1 year old per 1,000 live births
B. reflects the availability of primary education the rights of employments and social security
C. is life expectancy up to age 3
D. reflects the availability of hospitals and childcare facilities and the parents wealth

A. a theory that tells us that exchanged rates between currencies are in equilibrium when their purchasing power is the same in both countries
B. GDP divided by exchange rate
C. a measure of income inequality
D. a measure of infant mortality in develog countries

A. GNP is understated for developed countries, since a number of items included in their national incomes are intermediate goods
B. The economic contribution of a housewife is a peasant family may not be measured is GNP is poor country
C. GNP in understated for develog countries since many of their labor intensive good have no impact on exchange rate since they are not traded
D. GNP is overstated for for countries where the price of foreign exchange is less than market clearing price

A. P = ∑Poqo/∑poqo
B. P = ∑Poqo/∑pnqn
C. P = ∑Pnqo/∑poqo
D. P = ∑Poqn/∑poqo