GNP, GDP can be used to show economic growth.

2. Describe two statistics that could be used to illustrate the level of economic development.

it is possible to use the Human development index (HDI) to show the economic development of a country. the infant mortality rate can also show the development.

3. Compare and contrast the terms; economic growth and economic development.

economic growth is the growth economically in a country more business- income. the economic development means that the people are happier and have a better standard of living within the country.

4. What are some of the weaknesses of using statistics to describe levels of growth or development in nations?

not every information is available for the use. cash payments and other un-recorded tradings are not in the data base. so the GDP is accurate to a point of official market. its the same problem with economic development.

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GDP (Gross Domestic product) and GNP (Gross National product illustrate the level of economic growth.

2.Describe two statistics that could be used to illustrate the level of economic development.

Two statistic that illustrate the level of economic developments are HDI and birth rate.

3. Compare and contrast the terms; economic growth and economic development.

Economic development is the increase in the standard of living in a nation's population with sustained growth. Whereas Economic growth looks at GDP or other measure of aggregate income.

4. What are some of the weaknesses of using statistics to describe levels of growth or development in nations?

The weakness of using statics to describe levels of growth or development in nations is that they are inaccurate.

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Firstly, economic growth has strong relationship with every quantitative statistics. For example, GDP (Gross domestic product) and GNP (Gross national product) are quantitative statistics which contain the exact value

2.Describe two statistics that could be used to illustrate the level of economic development.

Economic development can be treated as a qualitative statistics. This is because this is to see the standard of living. There are HDI, Happiness, health care and education excess which have effects on economic development

3.Compare and contrast the terms; economic growth and economic development.

Economic growth is a quantitative statistics and economic development is a qualitative statistics. Economic growth is based on the exact values such as G,C,I,X and M. However economic growth is based on all the other factors like HDI, Education and happiness

4.What are some of the weaknesses of using statistics to describe levels of growth or development in nations?

There are some limitations in using statistics to describe levels of growth or development in nations. This is because growth and development are actually related but not proportional to changes. Even if the economic growth is high, there can be low economic development. Also it is hard to measure the economic development. This is because to calculate economic development, there are some factors that can not be measured exactly.

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Economic growth is a quantitative value that can be illustrated by Gross Domestic Product (GDP) or Gross National Product (GNP). These indicators are wildly used and efficient in showing the growth of the economy

2. Describe two statistics that could be used to illustrate the level of economic development.

Economic development is a qualitative value which focuses on the standard of living of house holds. With better education, health service, income and consumption we can say that the country has a high economic development. Happiness, HDI (human development index) can illustrate the economic development.

3. Compare and contrast the terms; economic growth and economic development.

Economic growth is a quantitive value, focused on investment, consumption, net export to look at the growth of the economy. However, economic development focuses at achieving higher standard of living, happiness and fulfillment.

4. What are some of the weaknesses of using statistics to describe levels of growth or development in nations?

Some limitation to statistics measuring economic growth are that economical growth does not been having a better life and measurements such as GDP does no considers standard of living. Statistics measuring economic development have limitations such that it is hard to collect quantitative data and because happiness is a subjective indicator, comparing the value will be hard.

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Economic Growth refers to the quantitative indicators. Gross National Product (GNP) and Gross Domestic Product (GDP) are examples of this quantitative indicators, which are widely used to illustrate the level of economic growth. The both look at the statistics such as the consumer spending to find the value.

2) Describe two statistics that could be used to illustrate the level of economic development.

Economic Development refers to the Qualitative indicators. Unemployment rate and Human Development Index are one of the examples of the qualitative indicators which uses feelings and impressions to indicate the social health of a country.

3) Compare and contrast the terms; economic growth and economic development.

Economic Growth is the quantitative concept which is looks at real GDP over time, while economic development refers to higher standards of living in terms of changes that we can feel and be aware that society's quality of life is getting better.

4) What are some of the weaknesses of using statistics to describe levels of growth or development in nations?

The weakness of using Economic growth to measure the standard of living is the fact that this doesn't incorporate different factors such as the social health into the statistics and therefore, higher economic growth doesn't necessary mean higher standard of living. Economic development on the other hand has the weakness of not being able to collect the social data in a quantitative way and therefore you can't calculate the actual value of the development. There is also the problem that this is to broad.

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The two statistics that could illustrate the level of economic growth is GNP (Gross National Product) or GDP (Gross Domestic Product).

2. Describe two statistics that could be used to illustrate the level of economic development.

The two statistics that could be used is literacy rate and birth rate.

3. Compare and contrast the terms; economic growth and economic development.

Economic growth is the steady growth in the productive capacity of the economy (and so a growth of national income). Economic development is the increase in the standard of living in a nation's population with sustained growth from a simple, low-income economy to a modern high income economy.

4. What are some of the weaknesses of using statistics to describe levels of growth or development in nations?

The weaknesses of using statistics to describe levels of growth or development in nations is that it might not be accurate as not all surveys might be true and some the results might also change very quickly which means they will be outdated.

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There are two statistics that could be used to illustrate the level of economic growth which are Real GDP and the Income method, which measures the value of all the incomes earned in the economy.

2. Describe two statistics that could be used to illustrate the level of economic development.

A measure of human development using three equally weighted dimensions of human development – life expectancy at birth, adult literacy and mean years of schooling and income (purchasing power per capita in dollars). As well as the measurement of unemployment rate.

3.Compare and contrast the terms; economic growth and economic development.

Economic growth is a term used to indicate the increase of per capita gross domestic product (GDP) or other measure of aggregate income. It is often measured as the rate of change in GDP. Economic growth refers only to the quantity of goods and services produced.

Economic development is the institutional changes made to promote economic betterment. It is the social organizational changes made to promote growth in an economy.

4.What are some of the weaknesses of using statistics to describe levels of growth or development in nations?

The chance of obtaining an unofficially recorded of economic activities is often high, which causes inaccuracy while using statistics to describe levels of growth.

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- Economic growth is the real increase in GDP overtime, and it is based on truthful pieces of information. Examples like, GDP; GDP shows the economic growth of ability of countries' productivity over time period.

2.Describe two statistics that could be used to illustrate the level of economic development.

- Economic development is a process that nations achieve higher standards of living, happiness and fulfillment. Human development index (HDI) can to use to illustrate the level of economic development by adult literacy rate, school enrollment rate, life expectancy and GNP. Those information will provide a good indication and to illustrate the level of economic development.

3.Compare and contrast the terms; economic growth and economic development.

- First of al, economic development are based on economic growth. However, Economic growth is the increase of per capita gross domestic product and Economic development is the increase in the standard of living. So, economic growth concerns about the real GDP a nation gains, but economic development refers to more about the social health of a country.

4.What are some of the weaknesses of using statistics to describe levels of growth or development in nations?

- Using statistics to describe the levels of growth or development in nations might be inaccurate and outdated.

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-two statisitc that could be used to illustrate the level of economic growth are real GDP and GNP. the GDP per captial represent the level of economic of countries and GNP also does that.

2.Describe two statistics that could be used to illustrate the level of economic development.

-HDI

-Healthcare

3.Compare and contrast the terms; economic growth and economic development.

the Economic growth is measured by income with saving and investment of whole countries byt economic developement is measured by level of healthcare, education and others

4.What are some of the weaknesses of using statistics to describe levels of growth or development in nations?

Both of levels of growth and developement are not accurae because it can missing some data and very hard to collect certain data so by that they are not certain.

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2. Two statistics that can be used to measure economic development are Human Freedom Index and Population Density.

3. Economic growth is concerned with small changes in the economy and is quantative while Economic development is concerned with the whole changes in the economy such as education and healthcare.

4. Data can be inaccurate while measuring the levels of growth or development so the figures aren't accurate.

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(a). GDP (b). GNP

2. Describe two statistics that could be used to illustrate the level of economic development.

(a). Literacy rate (b). HDI

3. Compare and contrast the terms; economic growth and economic development.

(a). economic growth is measured by the survey or the pieces of information that collected through census that reveals the economic condition as a whole country. But the economic development is measured by the subjective feelings, social and happiness of a country as a whole.

4. What are some of the weaknesses of using statistics to describe levels of growth or development in nations?

- Both measures can miss out certain area of data, therefore makes it inaccurate.

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Economic growth is the increase of per capita gross domestic product. The two statistics that could be used to illustrate the level of economic growth are the income per capita and the import receipt.

Describe two statistics that could be used to illustrate the level of economic development.

Economic development A process where nations achieve higher standards of living, happiness and fulfilment often through economic growth. Two ways in which economic development can be illustrated are through the Human Development Index (HDI) which is a statistic that measures a countries human development and ranks them accordingly. Another way statistic that is used to show the level of economic development is life expectancy as if a country has a higher life expectancy level it is usually the case that the country has a higher standard of living.

Compare and contrast the terms; economic growth and economic development.

What are some of the weaknesses of using statistics to describe levels of growth or development in nations?

Economic growth is the increase of per capita gross domestic product and Economic development is the ncrease in the standard of living in a nation's population. Taking economic growth as the first example has a few weaknesses as economic growth takes into consideration GDP and there are several weaknesses using GDP as GDP is not always accurate as it does not take into consideration money made on the black market or take into consideration voluntary work.

Furthermore the main weakness of using statistics to describe levels of growth or development in nations is that the information used is normally inaccurate and outdated.

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- GDP and GNP are the most frequently used statistics styles that are used to illustrate the level of economic growth. They are calculated with the output method usually although there are other methods like input method. GDP is an estimated value of the total worth of a country’s production and services, calculated over the course on one year, which means though output, by foreign companies investing within that country is included in GDP. GDP summed up with total capital gains from overseas investment and subtracting income earned by foreign nationals domestically means GNP.

2. Describe two statistics that could be used to illustrate the level of economic development.

- Some of the most frequently used statistics styles that are used to illustrate the level of economic development are HDI and HPI. Human development index is the combination of three factors, which are long and healthy life, as measured by life expectancy at birth, knowledge, as measured by the adult literacy rate (with two-thirds weight) and the combined primary, secondary and tertiary gross enrollment ratio (with one-third weight) and a decent standard of living, as measured by GDP per capita in purchasing power parity (PPP) terms in US dollars. Human poverty index is the combination of four factors, which are percentage of people likely to die before the age of 60, percentages of people whose ability to read and write is far from adequate, proportion of the population with disposable incomes of less than 50% of the medium, proportion of long term unemployed (12 months of more)

3. Compare and contrast the terms; economic growth and economic development.

- Economic growth is based solely on level of economic activity such as how much people an average person earn, how much an average company in one country earn as total. Economic development is concerned more with the level of standard of living such as how long an average people live with health care or how many people are unemployed.

4. What are some of the weaknesses of using statistics to describe levels of growth or development in nations?

- Statistics can easily be altered and the human error can also be largely present. Statistics may not reflect the factual events on the ground. It does not take some informal markets into account.

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2. Economic development is a process where economies acquire higher standards of living, happiness and fulfillment. Unemployment rate and HDI are two statistics that can be used to illustrate the level of economic growth. Unemployment rate is the percentage of citizens in a country who are willing to work but unable to get a job, the higher the unemployment rate, the greater the unhappiness within a country is.

3. Economic growth is measured in GDP. Economic development deals with accomplishing an improvement in standard of living, happiness and fulfillment.

4. Inaccuracies might occur. Unofficially recorded economic activities and informal markets can also affect the money flow.

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