Homework Answers
3. It may be a coincidence to get a similar rating, though it
will give a different rating in both indices. It is understandable
that the two statistics mentioned in the question are different.
Per capita GDP measures the real GDP produced per capita. The Human
Development Index is a comprehensive index that includes not only
income per capita but also life expectancy and education
factors.
Although one's GDP may give a general picture of the index of human
development, it cannot explain the gap in education, life
expectancy, and economic divisions between different groups of
people in the economy. This way the rankings will be different.
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3. If countries are first ranked by level of Real GDP per capita, and then by...
4. Explain the lingering effects of colonialism and how it is still playing a role in...
4. Explain the lingering effects of colonialism and how it is still playing a role in hindering economic development in the developing world.
In 2014, the United Nations ranked Norway first on the Human Development Index 009-a ranking of...
In 2014, the United Nations ranked Norway first on the Human Development Index 009-a ranking of the quality of M different in many countries. Yet Norway was not akad first in terms of real per capita GDP. Explain how the woman O A HOI ses nominal GOP values, but not real GDP. OB HDI formula doesn't take into account real per capita GOP factor OCHDI formula includes not only per capita GOP, but also non economic factors. O D. This...
Part 1: GDP in Different Countries (weight 50% of the assignment grade) Complete the following exercise:...
Part 1: GDP in Different Countries (weight 50% of the assignment grade) Complete the following exercise: Go to World Development Indicators database: https://databank.worldbank.org/home.aspx Click on World Development Indicators. Select 15 countries for your project by checking the check boxes under Country. Select the 2 data series GDP (current US$) and Population (Total) under Series. Select the most recent year under Time. Please use the last year when the data is available. Otherwise you will get zero for this part of...
Growth Rate South Korea Real GDP per capita Growth Rate Year 1970 1980 Growth Rate Canada...
Growth Rate South Korea Real GDP per capita Growth Rate Year 1970 1980 Growth Rate Canada Real GDP per capita $12,717 $16,731 Uganda Real GDP per capita $190 $1,886 $3,262 $182 $176 1990 $19,540 $23,156 $6,615 $10,80% 2000 Source: Organisation for Economic Cooperation and Development (OECD) The (decade-long) economic growth rate for Canada is shown in the second column. For example, from 1970 to 1980, Canada GDP grew from $12,717 to $16,731, an increase of Sie 512717 1711-512.717 32 Use...
Refer to the figure below to answer this question. World GDP per capita rates, 1990–2010* Over the past 20 years, there...
Refer to the figure below to answer this question. World GDP per capita rates, 1990–2010* Over the past 20 years, there has been a wide disparity in the rate of economic growth. This growth has been strongest in Southeast Asia, while the rate of economic growth in most of Western Europe has been sluggish. >5% 4%-5% 3%-4% 2%-3% <2% No data O *In most of the former Soviet bloc, data start in 1991 after the fall of the USSR. Source:...
9-17. Based on data in Table 9-1 and in Table 9-3, if China's per capita real GDP continues to grow at the averag...
9-17. Based on data in Table 9-1 and in Table 9-3, if China's per capita real GDP continues to grow at the average rate it has experienced since 1990, will its per capita real GDP be twice as high as it is today within a decade? Explain your reasoning. TABLE 9-1 Per Capita Real GDP Growth Rates in various Countries 0.9 Average Annual Rate of Growth of Real Country GDP Per Capita, 1990-2017 (%) Japan 0.8 France Germany 1.4 Canada...
According to the World Bank's annual report, Doing Business, A. population composition is the most important...
According to the World Bank's annual report, Doing Business, A. population composition is the most important factor influencing economic growth. B. technology is the only factor influencing economic growth. C. the quality and quantity of regulations matter for economic growth. D. the most wealthy countries also have significant levels of regulation. Recent studies of how regulations affect economic growth have found that A. a movement from being ranked in the lowest one-fourth of nations to a rating in the top...
Consider the Harrod-Domar model of economic growth. Assume that the capital-output ratio is 3. (a) [5...
Consider the Harrod-Domar model of economic growth. Assume that the capital-output ratio is 3. (a) [5 Points] If the saving rate is 15 percent, what is the economic growth rate? (b) [5 Points] Suppose a country wants to grow at a rate of 15 percent. What is the gap in saving rate and how a developing country can expect to fill it? GNI per GNI per 14.7 The following table provides data on various development indicators for selected developing countries....
Philosophy of Business
Underdeveloped Countries 2020An underdeveloped country is a country characterized by chronic widespread poverty and less economic development than other nations. Emerging markets, developing countries, and newly industrialized countries are terms that are often used interchangeably for an underdeveloped country.These countries have very low per capita income and many residents live in very poor conditions, including lacking access to education and health care. Additionally, underdeveloped countries have obsolete methods of production and social organization. These nations often experience high birth rates...
I need answers of question 3 and 4. 1. 151 The graphic below shows actual inflation...
I
need answers of question 3 and 4.
1. 151 The graphic below shows actual inflation (this is labeled headline inflation" in the chart) and inflation targets for a number of countries in 2014 September 2014 or ltest Seeden South Korea Japan India Using only information in the chart and frameworks developed in this class (i.e., not subsequent events), please answer the following questions a. [5 points] At the time of the chart, which monetary policy would you have recommended...
4. Explain the lingering effects of colonialism and how it is still playing a role in hindering economic development in the developing world.
In 2014, the United Nations ranked Norway first on the Human Development Index 009-a ranking of the quality of M different in many countries. Yet Norway was not akad first in terms of real per capita GDP. Explain how the woman O A HOI ses nominal GOP values, but not real GDP. OB HDI formula doesn't take into account real per capita GOP factor OCHDI formula includes not only per capita GOP, but also non economic factors. O D. This...
Growth Rate South Korea Real GDP per capita Growth Rate Year 1970 1980 Growth Rate Canada Real GDP per capita $12,717 $16,731 Uganda Real GDP per capita $190 $1,886 $3,262 $182 $176 1990 $19,540 $23,156 $6,615 $10,80% 2000 Source: Organisation for Economic Cooperation and Development (OECD) The (decade-long) economic growth rate for Canada is shown in the second column. For example, from 1970 to 1980, Canada GDP grew from $12,717 to $16,731, an increase of Sie 512717 1711-512.717 32 Use...
Refer to the figure below to answer this question. World GDP per capita rates, 1990–2010* Over the past 20 years, there has been a wide disparity in the rate of economic growth. This growth has been strongest in Southeast Asia, while the rate of economic growth in most of Western Europe has been sluggish. >5% 4%-5% 3%-4% 2%-3% <2% No data O *In most of the former Soviet bloc, data start in 1991 after the fall of the USSR. Source:...
9-17. Based on data in Table 9-1 and in Table 9-3, if China's per capita real GDP continues to grow at the average rate it has experienced since 1990, will its per capita real GDP be twice as high as it is today within a decade? Explain your reasoning. TABLE 9-1 Per Capita Real GDP Growth Rates in various Countries 0.9 Average Annual Rate of Growth of Real Country GDP Per Capita, 1990-2017 (%) Japan 0.8 France Germany 1.4 Canada...
Consider the Harrod-Domar model of economic growth. Assume that the capital-output ratio is 3. (a) [5 Points] If the saving rate is 15 percent, what is the economic growth rate? (b) [5 Points] Suppose a country wants to grow at a rate of 15 percent. What is the gap in saving rate and how a developing country can expect to fill it? GNI per GNI per 14.7 The following table provides data on various development indicators for selected developing countries....
I
need answers of question 3 and 4.
1. 151 The graphic below shows actual inflation (this is labeled headline inflation" in the chart) and inflation targets for a number of countries in 2014 September 2014 or ltest Seeden South Korea Japan India Using only information in the chart and frameworks developed in this class (i.e., not subsequent events), please answer the following questions a. [5 points] At the time of the chart, which monetary policy would you have recommended...
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