Answered

Westonci.ca makes finding answers easy, with a community of experts ready to provide you with the information you seek. Explore thousands of questions and answers from knowledgeable experts in various fields on our Q&A platform. Join our Q&A platform to connect with experts dedicated to providing accurate answers to your questions in various fields.

Haiti is a very poor country. Lichtenstein is much smaller geographically and has far fewer people, but it is roughly 70 times richer in terms of per capita GDP. Supposing the following statements are true, which one might explain why Haiti is a little closer to Lichtenstein in terms of standard of living than the official statistics suggest?

a. Health standards in Singapore exceed those in Haiti.
b. Singapore is much more livable in terms of pollution than Haiti.
c. There is more underground market activity in Singapore than in Haiti.
d.. Haiti has more nonmarket production than Singapore.

Sagot :

Answer:

D

Explanation:

Standard of living is measured by per capita GDP

Per capita GDP = GDP / population.

If Haiti is a little closer to Lichtenstein in terms of standard of living than the official statistics suggest and Lichtenstein has far fewer people than Haiti, it means that not all of Haiti's output is recorded as GDP

Items not included in the calculation off GDP includes:

services not rendered to oneself

Activities not reported to the government

illegal activities

sale or purchase of used products

sale or purchase of intermediate products

Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. Get the answers you need at Westonci.ca. Stay informed with our latest expert advice.