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Direction: Read the case study given below and answer the questions that follow:
The human development index (HDI) ranks the countries based on their performance in the key areas of health, education and access to resources. These rankings are based on a score between 0 to 1 that a country earns from its record in the key areas of human development. The indicator chosen to assess health is the life expectancy at birth. A higher life expectancy means that people have a greater chance of living longer and healthier lives. The adult literacy rate and the gross enrolment ratio represent access to knowledge. The number of adults who are able to read and write and the number of children enrolled in schools show how easy or difficult it is to access knowledge in a particular country. Access to resources is measured in terms of purchasing power (in U.S. dollars). Each of these dimensions is given a weightage of 1/3. The human development index is a sum total of the weights assigned to all these dimensions. The closer a score is to one, the greater is the level of human development. Therefore, a score of 0.983 would be considered very high while 0.268 would mean a very low level of human development. The human development index measures attainments in human development. It reflects what has been achieved in the key areas of human development. Yet it is not the most reliable measure. This is because it does not say anything about the distribution. The human poverty index is related to the human development index. This index measures the shortfall in human development.
How is access to resources measured?
- a)In terms of selling power
- b)In terms of purchasing power
- c)In terms of government control
- d)None of the Above
Correct answer is option 'B'. Can you explain this answer?
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Direction: Read the case study given below and answer the questions t...
Access to resources can be measured in terms of purchasing power.
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Direction: Read the case study given below and answer the questions t...
Access to Resources Measured in Terms of Purchasing Power:
Access to resources is measured in terms of purchasing power, which refers to the ability of individuals or households to buy goods and services. This measurement is important in assessing the standard of living and economic well-being of a country's population.
Importance of Purchasing Power:
- Purchasing power reflects the affordability of basic necessities such as food, shelter, healthcare, and education.
- It also indicates the level of economic development and prosperity within a country.
- A higher purchasing power allows individuals to have a better quality of life and access to a wider range of goods and services.
Factors Influencing Purchasing Power:
- Income levels: Higher income levels generally result in greater purchasing power.
- Inflation rates: Rising inflation can erode purchasing power, making goods and services more expensive.
- Exchange rates: Fluctuations in exchange rates can affect the purchasing power of individuals, especially in countries heavily dependent on imports.
- Government policies: Policies related to taxation, subsidies, and social welfare programs can impact purchasing power.
Measurement of Purchasing Power:
- Purchasing power parity (PPP) is commonly used to compare the relative value of currencies and standard of living between countries.
- It takes into account the cost of living and inflation rates to determine how much a certain amount of money can buy in different countries.
- By using PPP, researchers and policymakers can make more accurate comparisons of economic well-being and living standards across nations.
In conclusion, measuring access to resources in terms of purchasing power provides valuable insights into the economic conditions and living standards of a country's population. It helps in understanding the affordability of essential goods and services, as well as the overall level of development within a society.
Access to resources is measured in terms of purchasing power, which refers to the ability of individuals or households to buy goods and services. This measurement is important in assessing the standard of living and economic well-being of a country's population.
Importance of Purchasing Power:
- Purchasing power reflects the affordability of basic necessities such as food, shelter, healthcare, and education.
- It also indicates the level of economic development and prosperity within a country.
- A higher purchasing power allows individuals to have a better quality of life and access to a wider range of goods and services.
Factors Influencing Purchasing Power:
- Income levels: Higher income levels generally result in greater purchasing power.
- Inflation rates: Rising inflation can erode purchasing power, making goods and services more expensive.
- Exchange rates: Fluctuations in exchange rates can affect the purchasing power of individuals, especially in countries heavily dependent on imports.
- Government policies: Policies related to taxation, subsidies, and social welfare programs can impact purchasing power.
Measurement of Purchasing Power:
- Purchasing power parity (PPP) is commonly used to compare the relative value of currencies and standard of living between countries.
- It takes into account the cost of living and inflation rates to determine how much a certain amount of money can buy in different countries.
- By using PPP, researchers and policymakers can make more accurate comparisons of economic well-being and living standards across nations.
In conclusion, measuring access to resources in terms of purchasing power provides valuable insights into the economic conditions and living standards of a country's population. It helps in understanding the affordability of essential goods and services, as well as the overall level of development within a society.
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Direction: Read the case study given below and answer the questions that follow:The human development index (HDI) ranks the countries based on their performance in the key areas of health, education and access to resources. These rankings are based on a score between 0 to 1 that a country earns from its record in the key areas of human development. The indicator chosen to assess health is the life expectancy at birth. A higher life expectancy means that people have a greater chance of living longer and healthier lives. The adult literacy rate and the gross enrolment ratio represent access to knowledge. The number of adults who are able to read and write and the number of children enrolled in schools show how easy or difficult it is to access knowledge in a particular country. Access to resources is measured in terms of purchasing power (in U.S. dollars). Each of these dimensions is given a weightage of 1/3. The human development index is a sum total of the weights assigned to all these dimensions. The closer a score is to one, the greater is the level of human development. Therefore, a score of 0.983 would be considered very high while 0.268 would mean a very low level of human development. The human development index measures attainments in human development. It reflects what has been achieved in the key areas of human development. Yet it is not the most reliable measure. This is because it does not say anything about the distribution. The human poverty index is related to the human development index. This index measures the shortfall in human development.How is access to resources measured?a)In terms of selling powerb)In terms of purchasing powerc)In terms of government controld)None of the AboveCorrect answer is option 'B'. Can you explain this answer?
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Direction: Read the case study given below and answer the questions that follow:The human development index (HDI) ranks the countries based on their performance in the key areas of health, education and access to resources. These rankings are based on a score between 0 to 1 that a country earns from its record in the key areas of human development. The indicator chosen to assess health is the life expectancy at birth. A higher life expectancy means that people have a greater chance of living longer and healthier lives. The adult literacy rate and the gross enrolment ratio represent access to knowledge. The number of adults who are able to read and write and the number of children enrolled in schools show how easy or difficult it is to access knowledge in a particular country. Access to resources is measured in terms of purchasing power (in U.S. dollars). Each of these dimensions is given a weightage of 1/3. The human development index is a sum total of the weights assigned to all these dimensions. The closer a score is to one, the greater is the level of human development. Therefore, a score of 0.983 would be considered very high while 0.268 would mean a very low level of human development. The human development index measures attainments in human development. It reflects what has been achieved in the key areas of human development. Yet it is not the most reliable measure. This is because it does not say anything about the distribution. The human poverty index is related to the human development index. This index measures the shortfall in human development.How is access to resources measured?a)In terms of selling powerb)In terms of purchasing powerc)In terms of government controld)None of the AboveCorrect answer is option 'B'. Can you explain this answer? for Humanities/Arts 2024 is part of Humanities/Arts preparation. The Question and answers have been prepared according to the Humanities/Arts exam syllabus. Information about Direction: Read the case study given below and answer the questions that follow:The human development index (HDI) ranks the countries based on their performance in the key areas of health, education and access to resources. These rankings are based on a score between 0 to 1 that a country earns from its record in the key areas of human development. The indicator chosen to assess health is the life expectancy at birth. A higher life expectancy means that people have a greater chance of living longer and healthier lives. The adult literacy rate and the gross enrolment ratio represent access to knowledge. The number of adults who are able to read and write and the number of children enrolled in schools show how easy or difficult it is to access knowledge in a particular country. Access to resources is measured in terms of purchasing power (in U.S. dollars). Each of these dimensions is given a weightage of 1/3. The human development index is a sum total of the weights assigned to all these dimensions. The closer a score is to one, the greater is the level of human development. Therefore, a score of 0.983 would be considered very high while 0.268 would mean a very low level of human development. The human development index measures attainments in human development. It reflects what has been achieved in the key areas of human development. Yet it is not the most reliable measure. This is because it does not say anything about the distribution. The human poverty index is related to the human development index. This index measures the shortfall in human development.How is access to resources measured?a)In terms of selling powerb)In terms of purchasing powerc)In terms of government controld)None of the AboveCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Humanities/Arts 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Direction: Read the case study given below and answer the questions that follow:The human development index (HDI) ranks the countries based on their performance in the key areas of health, education and access to resources. These rankings are based on a score between 0 to 1 that a country earns from its record in the key areas of human development. The indicator chosen to assess health is the life expectancy at birth. A higher life expectancy means that people have a greater chance of living longer and healthier lives. The adult literacy rate and the gross enrolment ratio represent access to knowledge. The number of adults who are able to read and write and the number of children enrolled in schools show how easy or difficult it is to access knowledge in a particular country. Access to resources is measured in terms of purchasing power (in U.S. dollars). Each of these dimensions is given a weightage of 1/3. The human development index is a sum total of the weights assigned to all these dimensions. The closer a score is to one, the greater is the level of human development. Therefore, a score of 0.983 would be considered very high while 0.268 would mean a very low level of human development. The human development index measures attainments in human development. It reflects what has been achieved in the key areas of human development. Yet it is not the most reliable measure. This is because it does not say anything about the distribution. The human poverty index is related to the human development index. This index measures the shortfall in human development.How is access to resources measured?a)In terms of selling powerb)In terms of purchasing powerc)In terms of government controld)None of the AboveCorrect answer is option 'B'. Can you explain this answer?.
Direction: Read the case study given below and answer the questions that follow:The human development index (HDI) ranks the countries based on their performance in the key areas of health, education and access to resources. These rankings are based on a score between 0 to 1 that a country earns from its record in the key areas of human development. The indicator chosen to assess health is the life expectancy at birth. A higher life expectancy means that people have a greater chance of living longer and healthier lives. The adult literacy rate and the gross enrolment ratio represent access to knowledge. The number of adults who are able to read and write and the number of children enrolled in schools show how easy or difficult it is to access knowledge in a particular country. Access to resources is measured in terms of purchasing power (in U.S. dollars). Each of these dimensions is given a weightage of 1/3. The human development index is a sum total of the weights assigned to all these dimensions. The closer a score is to one, the greater is the level of human development. Therefore, a score of 0.983 would be considered very high while 0.268 would mean a very low level of human development. The human development index measures attainments in human development. It reflects what has been achieved in the key areas of human development. Yet it is not the most reliable measure. This is because it does not say anything about the distribution. The human poverty index is related to the human development index. This index measures the shortfall in human development.How is access to resources measured?a)In terms of selling powerb)In terms of purchasing powerc)In terms of government controld)None of the AboveCorrect answer is option 'B'. Can you explain this answer? for Humanities/Arts 2024 is part of Humanities/Arts preparation. The Question and answers have been prepared according to the Humanities/Arts exam syllabus. Information about Direction: Read the case study given below and answer the questions that follow:The human development index (HDI) ranks the countries based on their performance in the key areas of health, education and access to resources. These rankings are based on a score between 0 to 1 that a country earns from its record in the key areas of human development. The indicator chosen to assess health is the life expectancy at birth. A higher life expectancy means that people have a greater chance of living longer and healthier lives. The adult literacy rate and the gross enrolment ratio represent access to knowledge. The number of adults who are able to read and write and the number of children enrolled in schools show how easy or difficult it is to access knowledge in a particular country. Access to resources is measured in terms of purchasing power (in U.S. dollars). Each of these dimensions is given a weightage of 1/3. The human development index is a sum total of the weights assigned to all these dimensions. The closer a score is to one, the greater is the level of human development. Therefore, a score of 0.983 would be considered very high while 0.268 would mean a very low level of human development. The human development index measures attainments in human development. It reflects what has been achieved in the key areas of human development. Yet it is not the most reliable measure. This is because it does not say anything about the distribution. The human poverty index is related to the human development index. This index measures the shortfall in human development.How is access to resources measured?a)In terms of selling powerb)In terms of purchasing powerc)In terms of government controld)None of the AboveCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Humanities/Arts 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Direction: Read the case study given below and answer the questions that follow:The human development index (HDI) ranks the countries based on their performance in the key areas of health, education and access to resources. These rankings are based on a score between 0 to 1 that a country earns from its record in the key areas of human development. The indicator chosen to assess health is the life expectancy at birth. A higher life expectancy means that people have a greater chance of living longer and healthier lives. The adult literacy rate and the gross enrolment ratio represent access to knowledge. The number of adults who are able to read and write and the number of children enrolled in schools show how easy or difficult it is to access knowledge in a particular country. Access to resources is measured in terms of purchasing power (in U.S. dollars). Each of these dimensions is given a weightage of 1/3. The human development index is a sum total of the weights assigned to all these dimensions. The closer a score is to one, the greater is the level of human development. Therefore, a score of 0.983 would be considered very high while 0.268 would mean a very low level of human development. The human development index measures attainments in human development. It reflects what has been achieved in the key areas of human development. Yet it is not the most reliable measure. This is because it does not say anything about the distribution. The human poverty index is related to the human development index. This index measures the shortfall in human development.How is access to resources measured?a)In terms of selling powerb)In terms of purchasing powerc)In terms of government controld)None of the AboveCorrect answer is option 'B'. Can you explain this answer?.
Solutions for Direction: Read the case study given below and answer the questions that follow:The human development index (HDI) ranks the countries based on their performance in the key areas of health, education and access to resources. These rankings are based on a score between 0 to 1 that a country earns from its record in the key areas of human development. The indicator chosen to assess health is the life expectancy at birth. A higher life expectancy means that people have a greater chance of living longer and healthier lives. The adult literacy rate and the gross enrolment ratio represent access to knowledge. The number of adults who are able to read and write and the number of children enrolled in schools show how easy or difficult it is to access knowledge in a particular country. Access to resources is measured in terms of purchasing power (in U.S. dollars). Each of these dimensions is given a weightage of 1/3. The human development index is a sum total of the weights assigned to all these dimensions. The closer a score is to one, the greater is the level of human development. Therefore, a score of 0.983 would be considered very high while 0.268 would mean a very low level of human development. The human development index measures attainments in human development. It reflects what has been achieved in the key areas of human development. Yet it is not the most reliable measure. This is because it does not say anything about the distribution. The human poverty index is related to the human development index. This index measures the shortfall in human development.How is access to resources measured?a)In terms of selling powerb)In terms of purchasing powerc)In terms of government controld)None of the AboveCorrect answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for Humanities/Arts.
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Here you can find the meaning of Direction: Read the case study given below and answer the questions that follow:The human development index (HDI) ranks the countries based on their performance in the key areas of health, education and access to resources. These rankings are based on a score between 0 to 1 that a country earns from its record in the key areas of human development. The indicator chosen to assess health is the life expectancy at birth. A higher life expectancy means that people have a greater chance of living longer and healthier lives. The adult literacy rate and the gross enrolment ratio represent access to knowledge. The number of adults who are able to read and write and the number of children enrolled in schools show how easy or difficult it is to access knowledge in a particular country. Access to resources is measured in terms of purchasing power (in U.S. dollars). Each of these dimensions is given a weightage of 1/3. The human development index is a sum total of the weights assigned to all these dimensions. The closer a score is to one, the greater is the level of human development. Therefore, a score of 0.983 would be considered very high while 0.268 would mean a very low level of human development. The human development index measures attainments in human development. It reflects what has been achieved in the key areas of human development. Yet it is not the most reliable measure. This is because it does not say anything about the distribution. The human poverty index is related to the human development index. This index measures the shortfall in human development.How is access to resources measured?a)In terms of selling powerb)In terms of purchasing powerc)In terms of government controld)None of the AboveCorrect answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
Direction: Read the case study given below and answer the questions that follow:The human development index (HDI) ranks the countries based on their performance in the key areas of health, education and access to resources. These rankings are based on a score between 0 to 1 that a country earns from its record in the key areas of human development. The indicator chosen to assess health is the life expectancy at birth. A higher life expectancy means that people have a greater chance of living longer and healthier lives. The adult literacy rate and the gross enrolment ratio represent access to knowledge. The number of adults who are able to read and write and the number of children enrolled in schools show how easy or difficult it is to access knowledge in a particular country. Access to resources is measured in terms of purchasing power (in U.S. dollars). Each of these dimensions is given a weightage of 1/3. The human development index is a sum total of the weights assigned to all these dimensions. The closer a score is to one, the greater is the level of human development. Therefore, a score of 0.983 would be considered very high while 0.268 would mean a very low level of human development. The human development index measures attainments in human development. It reflects what has been achieved in the key areas of human development. Yet it is not the most reliable measure. This is because it does not say anything about the distribution. The human poverty index is related to the human development index. This index measures the shortfall in human development.How is access to resources measured?a)In terms of selling powerb)In terms of purchasing powerc)In terms of government controld)None of the AboveCorrect answer is option 'B'. Can you explain this answer?, a detailed solution for Direction: Read the case study given below and answer the questions that follow:The human development index (HDI) ranks the countries based on their performance in the key areas of health, education and access to resources. These rankings are based on a score between 0 to 1 that a country earns from its record in the key areas of human development. The indicator chosen to assess health is the life expectancy at birth. A higher life expectancy means that people have a greater chance of living longer and healthier lives. The adult literacy rate and the gross enrolment ratio represent access to knowledge. The number of adults who are able to read and write and the number of children enrolled in schools show how easy or difficult it is to access knowledge in a particular country. Access to resources is measured in terms of purchasing power (in U.S. dollars). Each of these dimensions is given a weightage of 1/3. The human development index is a sum total of the weights assigned to all these dimensions. The closer a score is to one, the greater is the level of human development. Therefore, a score of 0.983 would be considered very high while 0.268 would mean a very low level of human development. The human development index measures attainments in human development. It reflects what has been achieved in the key areas of human development. Yet it is not the most reliable measure. This is because it does not say anything about the distribution. The human poverty index is related to the human development index. This index measures the shortfall in human development.How is access to resources measured?a)In terms of selling powerb)In terms of purchasing powerc)In terms of government controld)None of the AboveCorrect answer is option 'B'. Can you explain this answer? has been provided alongside types of Direction: Read the case study given below and answer the questions that follow:The human development index (HDI) ranks the countries based on their performance in the key areas of health, education and access to resources. These rankings are based on a score between 0 to 1 that a country earns from its record in the key areas of human development. The indicator chosen to assess health is the life expectancy at birth. A higher life expectancy means that people have a greater chance of living longer and healthier lives. The adult literacy rate and the gross enrolment ratio represent access to knowledge. The number of adults who are able to read and write and the number of children enrolled in schools show how easy or difficult it is to access knowledge in a particular country. Access to resources is measured in terms of purchasing power (in U.S. dollars). Each of these dimensions is given a weightage of 1/3. The human development index is a sum total of the weights assigned to all these dimensions. The closer a score is to one, the greater is the level of human development. Therefore, a score of 0.983 would be considered very high while 0.268 would mean a very low level of human development. The human development index measures attainments in human development. It reflects what has been achieved in the key areas of human development. Yet it is not the most reliable measure. This is because it does not say anything about the distribution. The human poverty index is related to the human development index. This index measures the shortfall in human development.How is access to resources measured?a)In terms of selling powerb)In terms of purchasing powerc)In terms of government controld)None of the AboveCorrect answer is option 'B'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Direction: Read the case study given below and answer the questions that follow:The human development index (HDI) ranks the countries based on their performance in the key areas of health, education and access to resources. These rankings are based on a score between 0 to 1 that a country earns from its record in the key areas of human development. The indicator chosen to assess health is the life expectancy at birth. A higher life expectancy means that people have a greater chance of living longer and healthier lives. The adult literacy rate and the gross enrolment ratio represent access to knowledge. The number of adults who are able to read and write and the number of children enrolled in schools show how easy or difficult it is to access knowledge in a particular country. Access to resources is measured in terms of purchasing power (in U.S. dollars). Each of these dimensions is given a weightage of 1/3. The human development index is a sum total of the weights assigned to all these dimensions. The closer a score is to one, the greater is the level of human development. Therefore, a score of 0.983 would be considered very high while 0.268 would mean a very low level of human development. The human development index measures attainments in human development. It reflects what has been achieved in the key areas of human development. Yet it is not the most reliable measure. This is because it does not say anything about the distribution. The human poverty index is related to the human development index. This index measures the shortfall in human development.How is access to resources measured?a)In terms of selling powerb)In terms of purchasing powerc)In terms of government controld)None of the AboveCorrect answer is option 'B'. Can you explain this answer? tests, examples and also practice Humanities/Arts tests.
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