o Comment on the standard of living as reflected in educational attainment, life expectancy, health outcomes, and access to electricity and technology.
o Is your country ranked higher/lower in terms of HDI than in GNI per capita? What does this mean? Explain.
o How might the underground economy affect the standard of living as measured by GNI per capita?
o Distinguish between income and wealth. They are not the same thing and the words are not interchangeable. Income is a flow variable; it is measured over time. Wealth is a stock concept.
