ECON-HW 4 - 1 The factors that are used to construct the...

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1. The factors that are used to construct the HDI are health or the life expectancy at birth, knowledge or the mean years of schooling or expected years of schooling, and living standard, which refers to the gross national income per capita in PPP terms. 2. It is correct to assume that countries without political freedom cannot achieve high rates of economic growth. It falls on the government to enforce antitrust laws, preserve property rights, provide fiscal and monetary stability, and preserve and promote political stability. For example, Syria who lacks political freedom is currently undergoing a civil war due to the rebels wanting the political freedom as well as experiencing socioeconomic struggles at the same time as a result. 3. Top 2 countries among top 10 most globalized are Singapore and Hong Kong. Singapore currently has economic freedom ranging from 50-59.9% and Hong Kong, while being part of a communist country whose economic freedom is between 50-60%, resides at a high level of economic freedom ranging from 80-
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Unformatted text preview: 100%. After looking through the data I would say that since both countries have a high level of economic growth would lead them to…. 4. South America, Singapore 5. 6. First row is Swiss Frank to exchange into dollars you get the GDP -47,900 is the average earning in the country. If they take a basket costing this much to USA it would cost 34,700. Lateral compatison will give you idea on how expensive it is to live. So its more expensive to live in Switzerland than US. First column is conversion at Et, second column is conversion at E at PPP. If you compare laterally you can see what is more expensive. 7. If you have higher income you are not always ranked higher. Chile-40 Saudi Arabia-57, higher income, lower ranking so you must really have to perform well in all three factors because income is not investing in infrastructure, health, or education. If you do not perform well in one you will take a hit....
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