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.

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

a

b

b

a

c

b

d

d

none of these are correct, as they are all sources of american law

a

match the scenarios with terms related to financial aid.

pell grant

student loan

merit-based scholarship

richard is one of the leading college basketball players in the state of florida. he also maintains a good academic record. looking at his talent and potential, furman university offers to bear the expenses for his college education.

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anita wants to pursue a certificate program in sports nutrition. to pay for the course, she borrows money by filing the fafsa.

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nathan comes from a low-income household. he wants to pursue an undergraduate degree in marketing. he receives financial aid covering 50 percent of his college expenses. nathan does not have to pay back this amount.

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