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The "middle-income trap" usually takes place at about this level of GDP per capita:
$1,000 pc
$50,000 pc
$4000–$5,000 pc
$40,000 pc
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Solved in 2 steps
- The data suggests that global income inequality is greater in PPP terms than in nominal terms. is it true or falseIf actual GDP is $640 billion and there is a positive GDP gap of $20 billion, potential GDP isTo measure the vital signs - or indicators of the strengths or weaknesses of an economy include factors other than the GDP. Below is a list of such additional economic indicators that also measure the strength of an economy. But ONE of the items listed is NOT an economic indicator that helps us assess the economic condition of the economy. Which one of the below IS NOT an economic indicator of the strength of an economy? Group of answer choices Relatively lower income inequality. Heavy government controls and large government spending. The lower percentage of people living below the poverty rate. Lower unemployment rate.
- Calculate government investment per capita for each yearJanet, a mother of two, decides to reduce her working hours to spend more time with her children. By itself, assuming everything else being the same, this development has necessarily resulted in a lower quality of life for Janet due to a fall in income (and resultant fall in economic activity as measured by GDP).How does LDC government investment in educational expansion affect income distribution?
- A Nova Scotia Company is trying to successfully enter the cranberry market in Australia. What is the GNP or GDP for entry country (Australia), Is it growing? What is the per capita income? What is the average family income? What are the income classes and distribution?Does Australia have unexploited or underused resources that can affect future wealth?Which of the following is most likely to make a country’s income distribution more equal? a. Establishing a national sales tax on food and clothing b. Establishing a progressive income tax system c. Eliminating excise taxes on luxury goods d. Proportionally decreasing the tax rate for all income groups e. Reducing the subsidy to educationExplain how the removal of online purchase taxes on ICT devices may effect a country's national income.
- Use the information in the table below to answer questions 6 and 7: GDP at market prices R378bn Net primary income payments to the rest of the world R37 bn In direct taxes R51bn Subsidies R12 bn Consumption of fixed capital R43 bn GDP at factor cost is R339 bn True False The value of Gross National Income (GNI) at market prices is:R341 bnMost national governments economic objectives for their national economies. is: --Indicate whether each of the following actions or impacts would increase GDPa. An individual purchases bottled water to avoid a contaminated municipal water supply.b. An individual obtains her drinking water from a water fountain at her workplace to avoid a contaminated municipal water supplyc. A homeowner pays a lawn-care company for landscaping servicesd. A neighbor agrees to help a homeowner with landscaping work in exchange for assistance with plumbing worke. A paper company employs workers to plant treesf. An environmental organization provides volunteers to plant trees