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Paper 3 > Elasicities > Flashcards

Elasicities Flashcards

1
Q

Unitary of PED AND PES

A

PED = -1

PED = 1

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2
Q

Perfect inelastic PED/yes

A

0

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3
Q

Perfect elastic

A

Infinity

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4
Q

What does HDI include

A
  1. Mean years of schooling
  2. Life expectancy
  3. Economic growth GDP
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5
Q

Scale of HDI?

A 
0 = least developed 
1= most developed
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6
Q

GINI CO-Efficient and scale

A

Distance between line of perfect equality between Lorenze curve

1 = worst 
0  = best
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Paper 3 (5 decks)

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