What's the better way to think about per capita income differences between rich and poor countries today: 20%, 200%, or 2000%?   Why?

Q: Do you think that all of today’s developing nations will complete the demographic transition and…

A: "Since you have asked a question with multiple sub-parts, we will solve the first three sub-parts…

Q: Do you believe that globalization has created new problems and exacerbated existing difficulties for…

A: Globalization refers to the interdependence of many world cultures, demographics, and economy. It's…

Q: Are living standards of developing and developed nations converging?

A: The developed and developing countries are classified on the basis of their per capita income. The…

Q: How do economists define relationship of inequality and development? Should development stragies…

A: Meaning of Economic Development:The term economic development refers to the situation under which…

Q: What are the principal sources of government revenues in developing countries? Why are many taxes so…

A: Government Revenue refers to the money received by government from sources like taxes or transfers…

Q: In developed countries, which one is correct?

A: Wealth inequality > Market income inequality >Post-fisc income inequality.

Q: Do you think that setting goals for development could in itself help a developing nation to achieve…

A: Resilience is built on the foundation of economic development, which includes the fairness and…

Q: Are high income countries developed countries? Why?

A: The economics as a study is based upon the idea that the resources which the economies, or the…

Q: . How does the concept of “capabilities to function” help us gain insight into development goals and…

A: The Sen’s Capability approach was introduced by Amartya Sen and Martha Nussbaum and the major…

Q: Can the HUMAN DEVELOPMENT INDEX alone measure a country's level of development?

A: Economic growth refers to the increasing value of goods and services in a given time period.…

Q: Why will the U.S. population grow faster than othermore developed countries?

A: The population of the United States is expanding at the same rate as, if not faster than, that of…

Q: With the help of a table, explain the  differences between few different classifications of…

A: The world's different economies àre classified into four different income groups by the World Bank…

Q: What are the detriments and benefits of economies dependent on migrant remittances?

A: A remittance is a non-commercial money transfer from a foreign worker, a diaspora community member,…

Q: experiencing a demographic transition much like the one developed countries did at their earlier…

A: Yes developing countries are experiencing transition of demography just like developed countries…

Q: Health Care is also assessed when gauging a nation’s development? True or False

A: The DALY (Disability-Adjusted Life Year) is every now and again utilized as a proportion of illness…

Q: Is inflation likely to be a severe problem for at least some high-income economies in the near…

A: When an economy faces a continuous increase in the prices of all goods and services, it is said to…

Q: does globalization has created new problems and exacerbated existing difficulties for many of the…

A: The Globalisation refers to the integration of world economies on whole. The integration would mean…

Q: Is there a better way to classify a country other than the use of GDP and per capita? Explain

A: Yes, there is a better way to classify a country other than the use of GDP and per capita as these…

Q: Why is China still poor in per capita terms despite having the second-largest economy in the world…

A: China has large number of population China comes at number 1 place in all the countries of the world…

Q: Why is income per person so much higher in some countries than others?

A: A commonly used indicator to measure the level of prosperity in a nation is the per capita gross…

Q: How does the concept of “capabilities to function” help us gain insight into development goals and…

A: Desires of well-being are central to a person's physical well being, helping them to resolve…

Q: Why is the population of low- income countries predicted to grow more quickly than the population of…

A: The population rate affects the income per capita GDP. The low-income countries grow differently…

Q: Can the developing countries escape from middle-income trap ? How ? Explained with comprehensive

A: Developing economies are defined as those economies which have lower human development index as…

Q: How is inequality related to development? What relationship can be seen among the two variables…

A: Inequality: The inequality can be defined as the situation when individuals do not possess the same…

Q: Give one information that can be gathered from the Human Development Index (HDI) of a country that…

A: The Human Development Index was established to underline that people and their talents, not just…

Q: How does poverty and inequality affect the development of a country?

A: Poverty:- Poverty is defined as a lack of sufficient funds to cover fundamental requirements such as…

Q: How does the standard of living differ in a first-world country compared to a third-world country?

A: First-world countries are referred to as developed and democratic countries. Sound financial…

Q: What are the similarities between high- income countries in terms of market structure? Please…

A: The economics as a study is based upon the basic idea that the resources which are available with…

Q: Based on your opinion, what is the Relationship Between Poverty, Inequality and Development

A: Poverty refers to the relative standards of living in a society at a given time.  Inequality refers…

Q: What are the things that a developing country should improve in order to strengthen its position in…

A: Having more money implies organizations have the assets to acquire capital, further develop…

Q: What governmental and non-profit organization policies and initiatives do you think would be the…

A: A wider term than economic growth is economic development.