Exam 2 MCQ_Class Review_wth answers_Econ362_SP23

Income inequality is not good for economic development for the reason that _______. a. Income inequality may threaten political stability, because people are dissatisfied with their economic situation and place blame on political authorities b. Income inequality reduces the pool of people with resources, such as education, to improve productivity c. Income inequality may increase distrust and deter commitment among people in the marketplace, making contracts enforcement difficult d. First and second option only

What is likely to happen to income inequality in a developing country as it undergoes rapid industrialization? A. Income inequality will decrease significantly. B. Income inequality will remain the same. C. Income inequality will increase initially, but may decrease over time. D. Income inequality will increase and continue to rise indefinitely.

According to Simon Kuznets, what drives the decrease in income inequality? According to French economist Thomas Piketty, how does the relationship between the interest rate, r, and the economic growth rate, g, influence the Great Divergence? According to Simon Kuznets, the decrease in income inequality arises from A. progressive income taxation O B. strengthening of labor unions C. market forces in a dynamic economy O D. wage and price controls French economist Thomas Piketty, says that the Great Divergence is a consequence of where r is the interest rate and g is the economic growth rate. O A. rg O D. r=g Click to select your answer. MacBook Air DII 888 :二. F8 80 F7 F6 F5 F4 F3 esc F2 F1 2$ 8. 4 #3

Assume that a very tiny and very poor DVC has income per capita of $300 and total national income of $3 million. Instructions: Round your answers to the nearest whole number. a. How large Is its population? 10000 b. If Its population grows by 2 percent in some year while its total income grows by 4 percent, what will be its new Income per capita rounded to full dollars? c. If the population had not grown during the year, what would have been its income per capita?

Question 8: for Costa Rica

14. In many developing nations, ______________________ is defined as the minimum income a person needs to survive, typically $1 to $2 a day.

71.Improvements in nutrition and health care typically increase life expectancies and decrease mortality rates , but don't increase the rate of population growth . T F

The Malthusian population trap tell us that    a. trade routes of people is responsible for population growth. .  b. that there is a stage that income and population stop to grow.  c. increased population has nothing to do with economic growth. d. there is inequality in income there fore population is affected e. There is point in which population is not contributing to labor increases.

Must we have inequality for economic growth? A. Yes, disparities in income and wealth encourage hard work and saving. B. Yes, the richer individuals are in society, the more they can invest their capital in society and produce jobs for all. C. No, inequality stymies economic growth. More unequal nations grow less quickly than more equal societies - potentially due to speculative spending, and low healthcare outcomes and educational attainment for poorer people leading to less productivity.  D. No, it is mean spirited and makes people dislike each other.

28. Country A has a GDP-per-capita of $500, and Country B has a GDP-per-capitaof $75,000. Which of the following is NOT a plausible reason for Country B’s higherGDP-per-capita?(A) Country B has more open and inclusive economic and political institutions.(B) Country B has more natural resource wealth.(C) Country B has lower productivity.(D) Country B has more capital.

B. Evaluate figure 23.2 below. What does this graph tell us about the relationship between income and fertility? Give four probable reasons for this trend.

A. Outline how ONE (1) measure that the Human Development Index is used to promote:i. economic growthii. economic developmentB. Assess the use of Human Development Index as an alternate measure of EconomicDevelopment.

TRUE OR FALSE. Write True, if the statement is true and write False, if the statement is false. 1. Economic stability characterized by having more income is what defines development per se. 2. Other essentials in modern times would include access to quality education and availability of modes of transportation and communication. 3. As it was in the past, absolute poverty is true if the minimum levels of basic needs are met. 4. Poverty is more than just lack of income as it is multi-dimensional and includes non-economic variables. 5. The end of economic development is the improvement of quality of life and capabilities so long as a substantial number of people benefits. 6. Subsistence economy is often referred to as “hand-to-mouth” existence. 7. Developing countries are also referred as less developed countries. 8. Traditionally, economic development is measured by quantitative measures of income and income distribution. 9. What a country has for its resources determines to a great…

Whats the answer to number 5?

47 Check my wo Cumulative % of Population Cumulative % of Income, El Salvador, 2000 Cumulative % of Income, ElI Salvador, 2005 20 40 60 80 100 3. 11 24 44 100 13 26 100 Cumulative % of Income, United States, 2005 15 29 49 100 United States data from the Congressional Budget Office at CBO.gov. Before-tax Income, rounded to whole %s. Data for other countries from WorldBank.org, rounded to whole %s. Report your answers to two decimal places. According to these data, the Gini coefficient for El Salvador in 2000 is The Gini coefficient for El Salvador in 2005 is These Gini coefficients indicate that in El Salvador, the income distribution was (Click to select) in 2000 compared to 2005. in the United States compared to El Salvador. In 2005, the income distribution was (Click to select) v 4 of 8 Next > Prev 2:07 AM

Favorable health is associated with countries reflecting: Select one: a. A high gross domestic product or GDP per capita b. A low gross domestic product or GDP per capita c. A low gross nation product or GNP per capita d. None of the above

Which of the following Gini coefficients indicates that a country has an equal distribution of income? A.1 B.0.7 C.0.5 D.0.2 E.0

Closing educational gender gap is broadly considered as economically desirable since ________. a. the rate of return on women's education is higher than that on men's in most LDCs b. increasing women's education increases their productivity c. it would help lessen poverty, since women are less likely to be impoverished than are men d. first and second choice only

Investments in human capital include all the following except A. attending college. B. saving money for college. C. exercising. D. maintaining a healthy weight. E.immunizing children against diseases..

a. Discuss the evolution of the world distribution of income over the last four decades. Is the distribution becoming unimodal? how? If not, how? If so, • b. Do you think that, without technological progress, the average level of human capital of an economy can increase without bounds? Why or why not?

1. Which of the following is a likely scenario following a prevalent increase in death from HIV/AIDS in the short run? A. Labor participation rate may increase. B. Labor participation rate may decrease. Labor participation rate may remain the same. All of the above. C. D.

What is the impact of income inequality on economic growth? A. Income inequality has no effect on economic growth B. Income inequality positively affects economic growth C. Income inequality negatively affects economic growth D. Income inequality is inversely related to economic growth

7. If there is a mixed economy, there will be: a. All of these b. Government and public sector c. Private and public sector d. Community and public sector