what is the correlation between gdp per capita and literacy rate?
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From this observational study, we can conclude that there is a positive, exponential relationship between literacy rate and GDP per capita of world countries. This means that as literacy rate increases, so does GDP per capita.
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Compared to GDP, the HDI has a greater emphasis on human development. It takes the quality of life into account, not just production capacity of a country. Education and health are considered as important to a country as economic power. GDP is considered a means to human development, but not an end.
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European Countries by Literacy Rate. Among the European countries, Latvia, Estonia, Ukraine, Belarus have the highest literacy rate whereas Portugal, Malta, Turkey are amongst the countries having lowest literacy rate.
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Low-income countries are those with $1,025 per capita GDP per year; middle-income countries have a per capita GDP between $1,025 and $12,475; while high-income countries have over $12,475 per year per capita income. ... Low-income countries earn 1% of total world income, but represent 18.5% of global population.
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Human capital is positively correlated to economic growth since investment tends to boost productivity. The process of educating a workforce is a type of investment, but instead of capital investment such as equipment, the investment is in human capital.
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There are three very important economic indicators that aid in measuring a country's development. They are Gross Domestic Product (GDP), Gross National Product (GNP) and Purchasing Power Parity (PPP).
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In 3 marks. The quality of population depends upon the literacy rate, health of a person indicated by life expectancy and skill formation acquired by the people of the country. Literate and healthy population are an asset. ...
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['High rates of growth per capita output and population.', 'High rates of increase in total factor of productivity (TFP); the ouput per unit of all inputs.', 'High rates of structural transformation of the economy.', 'High rates of Social, Political, and Ideological Transformation.', 'Propensity to trade.']
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10. Literacy rate of Haryana is just 2 percent higher than national literacy rate. In Haryana the highest literacy rate is of district Gurgaon (84.4%) whereas in Mewat, it is lowest (56.1%). Similarly in other district, there is wide variations in literacy in districts.
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Education. Among 77 districts, Jhapa has a literacy rate of 75.2%, higher than the national average.
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Per capita gross domestic product (GDP) is a metric that breaks down a country's economic output per person and is calculated by dividing the GDP of a country by its population.
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Overall, there is a strong correlation between the HDI measured with and without GDP per capita as an additional metric.
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No. Income is a means to human development, not its end. GNI per capita only reflects average national income. It does not reveal how that income is spent, nor whether it translates to better health, education, and other human development outcomes.
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Real GDP per Capita measures the average level of national income (adjusted for inflation) per person. ... GDP, (Gross Domestic Product) measures the national output/national income of an economy; this is a measure of the volume of goods and services produced in a given year. Real GDP takes into account inflation.
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Real GDP per Capita measures the average level of national income (adjusted for inflation) per person. ... GDP, (Gross Domestic Product) measures the national output/national income of an economy; this is a measure of the volume of goods and services produced in a given year.
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Russia: The country with the highest literacy rate in Russia with almost 53% of the population has tertiary education.
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According to regression estimates of the data compiled by the UN, a 1% change in GDP per capita will cause only a 0.3 unit change in happiness (happiness is calculated on a scale from 0 to 10). However, when GDP per capita is included with other variables the model explains nearly 75% of the variance in happiness.