-countries that spend more on factors that improve HDI ratings will most often have GPD‘s that are somewhat lower than other developed nations
-it’s very difficult for any people or government to achieve gains in all areas of life so there is a balance between GPD and HDI
- High GPD is a guarantee of high HDI
-GPD helps HDI but there is a point where the pursuit of wealth at all cost will impact HDI
to determine the value of french fries
per capita gross domestic product
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The product establishes the cost curve or the relationship between costs and outputs. Costs are influenced by the need and function of a certain product.
The Gross Domestic Product and Gross National Product are measurements of the value of the total worth of a nation. Domestic product calculates based on the physical borders of the country, whereas the National product calculates based on its citizens, even if those citizens are out of the country.
to determine the value of french fries
a) gdp;hdi gross domestic product; Human Development Index ranking
per capita gross domestic product
The relationship between the factors and the product is that they are both fractions.
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gross domestic product; Human Development Index ranking
The product establishes the cost curve or the relationship between costs and outputs. Costs are influenced by the need and function of a certain product.
The Gross Domestic Product and Gross National Product are measurements of the value of the total worth of a nation. Domestic product calculates based on the physical borders of the country, whereas the National product calculates based on its citizens, even if those citizens are out of the country.
The former is an old process whilst the latter is a new one.
what are the strengths and weakenesses of gross domestic product
what is the relationship between marginal physical product and marginal cos
Factors multiply together to become a product.