Standard living

Real GDP per capita is positively correlated with all of the following except

• malaria cases per capita.

• life expectancy

• education

Real GDP per capita is usually used to compare the standard of living of

• A. the same country at different points in time.

• B. two different individuals at one point in time.

• C. two different countries at one point in time.

• D. A&C only

• E. None of the above

What is standard of living?

• It measures how well off people in a country are.

• the average number of years a person in a country is expected to live.

Two of the most commonly used indicators of standard living in a country are

• GDP and GNP

• GNP and GDP per capita

• GDP and GDP per capita

Minimum value of the gini coefficient

• -2

• -1

• 0

• 1

Maximum value of the gini coefficient

• 2

• 1

• 0

• 3

Average gini coefficient according to data

• From 15% to 50%

• From 24% to 63%

• From 32% to 72%

Maximum value of the gini coefficient

• 2

• 1

• 0

• 3

Gini coefficient is ...

• A statistical measure of the strength of the relationship between the relative movements of two variables.

• A measure of statistical dispersion intended to represent the income inequality or wealth inequality within a nation or any other group of people.

• A statistical measure of the dispersion of data points in a data series around the mean.

What is the median? 1, 6, 8, 4, 5, 9, 2, 3

• 5

• 4

• 4.5