I need some assistance with these assignment. gdp as a measure of welfare Thank you in advance for the help!

I need some assistance with these assignment. gdp as a measure of welfare Thank you in advance for the help! GDP as a Measure of welfare al Affiliation (a) High Income: Kuwait and Uruguay Low Income: South Sudan and Burkina Faso

Middle Income: Zimbabwe

Upper Middle Income: Hungary

(b)

Country

Income Category

Real GDP per capita ($)(2013)

Adult literacy rate (total)(%)

Life expectancy at birth (total)(years)

Internet users (per 100 people) (2009-2013)

Kuwait

High

43,800

91.79 (2008)

74.73 (2011)

79.2

Uruguay

High

15,800

98.49 (2010)

76.41 (2011)

55.1

South Sudan

Low

900

27.00 (2009)

55.00 (2011)

--.--

Burkina Faso

Low

1,400

46.73 (2007)

55.36 (2011)

3.70

Zimbabwe

Middle

500

91.86 (2009)

51.24 (2011)

17.1

Hungary

Upper Middle

19,800

99.00 (2011)

74.86 (2011)

72.0

(c) Satisfaction With Life Index

This measures happiness directly by interviewing people about how they feel about their health, wealth, and education and then attaching weights to the respective responses.

One good thing about this measure is that it measures the well-being by incorporating material and spiritual development side by side as explained by sustainable development, cultural values, conservation, and good governance.

Country

SWL Index

Kuwait

240

Uruguay

176

South Sudan

120*

Burkina Faso

156.67

Zimbabwe

160

Hungary

190

Note: South Sudan SWL Index of 120 is for the greater Sudan before it seceded.

(d) Kuwait versus Uruguay

Where it compares poorly against Uruguay: Adult Literacy and Life Expectancy at Birth.

Here it fares better against Uruguay: Real GDP per capita and Internet user population percentage.

(e) GDP tends to determine most of the variables.

The plot below is a display of the trend of the percentage each value contributes over time or ordered categories. GDP is not a good measure because it does not take into account the specific distribution of the incomes to the hands of individuals. They could only be going to few hands hence it does not measure the general welfare of the people.

Work Cited

Branson, W. (2005). Macroeconomic Theory and Policy. New york: Sage.