Economics For Today
10th Edition
ISBN: 9781337613040
Author: Tucker
Publisher: Cengage Learning
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Chapter 30, Problem 11SQ
To determine
The true statement about the economy.
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Using Market Exchange Rates rather than PPP Exchange rates...
a.
underestimates GDP for developing countries, because in developing countries non-tradable goods tend to be a large fraction of GDP
b.is not important, because GDP of developing countries is low anyway
c.overestimates GDP for developing countries, because in developing countries non-tradable goods tend to be a large fraction of GDP
d.underestimates GDP for developed countries like the US, and overestimates GDP for developing countries like India
Describe and justify your choice of the most appropriate indicators, such as GDP, literacy rates, health, communication, etc., of development. Do some indicators seem biased or inappropriate? Why?
Which of the following statements about sending foreign aid to low-income countries is TRUE?
Group of answer choices
It is an effective tool for stimulating exponential economic growth
Policymakers are not aware of the limitations of foreign aid
It is most often used to meet basic human needs
Foreign aid constitutes more than 20% of low-income countries' GDP
Chapter 30 Solutions
Economics For Today
Ch. 30.2 - Prob. 1GECh. 30.2 - Prob. 2GECh. 30 - Prob. 1SQPCh. 30 - Prob. 2SQPCh. 30 - Prob. 3SQPCh. 30 - Prob. 4SQPCh. 30 - Prob. 5SQPCh. 30 - Prob. 6SQPCh. 30 - Prob. 7SQPCh. 30 - Prob. 8SQP
Ch. 30 - Prob. 9SQPCh. 30 - Prob. 10SQPCh. 30 - Prob. 11SQPCh. 30 - Prob. 12SQPCh. 30 - Prob. 1SQCh. 30 - Prob. 2SQCh. 30 - Prob. 3SQCh. 30 - Prob. 4SQCh. 30 - Prob. 5SQCh. 30 - Prob. 6SQCh. 30 - Prob. 7SQCh. 30 - Prob. 8SQCh. 30 - Prob. 9SQCh. 30 - Prob. 10SQCh. 30 - Prob. 11SQCh. 30 - Prob. 12SQCh. 30 - Prob. 13SQCh. 30 - Prob. 14SQCh. 30 - Prob. 15SQCh. 30 - Prob. 16SQCh. 30 - Prob. 17SQCh. 30 - Prob. 18SQCh. 30 - Prob. 19SQCh. 30 - Prob. 20SQ
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- In 2011, Cambodia had a GDP of $33.8 billion and a per capita GDP of $2,200. Nearly a third of its people lived below the poverty level, and average life expectancy was 62.5 years. Which of these additional factors would most support the conclusion that Cambodia is a developing economy rather than an emerging economy? A rapidly increasing GDP Decreasing illiteracy rates Increased foreign investment Lack of basic infrastructurearrow_forwardAlmost all of today's development economists believe that _______ a. agriculture is important, but a heavy emphasis on rapid industrialization is key. b. peasant farmers who refuse to adopt new ideas or technologies are behaving irrationally. c. agriculture must be a key component in any development strategy. d. agriculture should play a passive and supportive role in economic development. e. None of the abovearrow_forwardGive two areas economists focus on when judging ‘economic development’.arrow_forward
- Answer true or false • Developing countries typically have low real GDP per capita, high birth rates, low education, and low savings rates. • The money sent home by workers who emigrate from a developing country can benefit the country as a source of foreign exchange, but it can hurt the country if the most skilled and educated professionals are leaving. • As incomes rise there tends to be a shift of labor from the services sector to the industrial sector.arrow_forwardGiven existing inequalities within most countries, how are country-wide averages of benchmarks like "infant mortality" and "GDP per capita" useful? How could we better examine what these figures reveal about development?arrow_forward28. 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.arrow_forward
- Which of the following is the Role of Science and Technology? I. Have the power to better the lives of poor people in developing countries II. Differentiators between countries that are able to tackle poverty effectively by growing and developing their economies, and those that are not. III. Engine of growth IV. Interventions for cognitive enhancement, proton cancer therapy and genetic engineering a. I, II, III and IV b. I, II, III c. I only d. I and IIarrow_forwardWhich of the following statements about sending foreign aid to low-income countries is TRUE? Question 4 options: It is most often used to meet basic human needs It is an effective tool for stimulating exponential economic growth Policymakers are not aware of the limitations of foreign aid Foreign aid constitutes more than 20% of low-income countries' GDParrow_forwardWhat are some of the advantages of using a development metric? it allows for comparison across countriesit can be used to help allocate money and resourcesit leads to better outcomes for residents of developing countriesit shows progress over time What are some disadvantages of using a development metric? Choose all that apply.weighting aspects of development is subjectivedetermining how to measure factors (such as education or health) is not always obviouscountry level statistics miss variation among groupsnot all aspects of development' can be quantifiedarrow_forward
- ). Fill in the blanks Maximum development economists from the developed _________countries consider. _____________ to be the key instrument of economic development. _____________ dismissed the Modernisation Theory as useless from a policy perspective. _____________in the capital stock lead to _________ in the marginal productivity of labor which in turn generally enhances wage rates. Natural resources play important role in _______and ____________. Rural development policies are designed to improve the conditions under which the rural people _______and _______.arrow_forwardAnswer TRUE OR FALSE • Practically all income in underdeveloped nations is used to purchase consumer goods, which leaves little, if anything, for savings. • Because few households can afford to save much, most developing countries depend heavily on corporations for their domestic nongovernmental (i.e., private) savings. • One of the major problems of underdeveloped nations is that they do not have enough people engaged in agriculture.arrow_forwardIn defining development to include more than just the growth of per capita income, there is an implicit assumption that the growth of per capita income alone is not sufficient to guarantee the reduction of poverty and the growth of self-esteem. Is it possible that there could be growth of per capita income without the achievement of these other objectives?arrow_forward
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