AD. Lite expectancy. E. Birth rates. . Literacy rates. G. Geography. There is (1

Question

AD. Lite expectancy. E. Birth rates. . Literacy rates. G. Geography. There is (1) relationship between the Human Development Index and income per capi (1) a positive O a negative O an inverse 1. Which of the following key factors can help explain the Great Recession of 2007-2009? (Check all th A. A fall in the value of the stock market. B. An increase in inflation. C. An increase in mortgage defaults, negatively impacting banks. D. A reduction in consumer wealth, curtailing spending. E. Increased trade protectionism, decreasing net exports. A reduction in new home construction, leading to a decrease in labor demand. A fall in housing prices. G. According to the aggregate production function, GDP increases when a nation

Explanation / Answer

1> positive

The Human Development Index is a composite statistic of life expectancy, education, and per capita income indicators. It is generally true that more the economic power of a country, the healthcare and education are also better.

2> A, C, G are correct

The great recession in 2008 is led by the sub-prime mortgage crisis when a housing bubble busted. Thus, fall in the price level of houses, stock-values, security defaults were the primary reasons for the recession.

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