Week 5 Essay Example | Topics and Well Written Essays - 250 words

Week 5 - Essay ExamplePopulation defines economic output in most countries through the labor merchandise that in turn will affect the productivity and economic performance of a population. In general, The U.S. has a larger labor merchandise than Japan, opus China and Mexico have a larger labor market than India and Saudi Arabia respectively.While most standard of living indices uses GDP per capita, I chose the Human Development big businessman to measure the quality of spiritedness in a country. This is because countries with lots of income do not necessarily give-up the ghost their money in ways that create higher life expectancies or better education.According to Investopedia, the HDI is a tool developed by the United Nations to measure and rank countries levels of social and economic development found on four criteria Life expectancy at birth, mean years of tuition, expected years of schooling and gross national income per capita. A higher HDI generally means a better qual ity of life this index has been standardized to track changes in development levels over time and to compare development levels in different countries. Generally, the US and China has a better quality of life than Japan and India respectively while Saudi Arabia and Mexico are at par in terms of quality of life.International Monetary Fund. (2012, April). advertise on Population and GDP of Selected Countries. Retrieved April 21, 2012, from