Retrieve the
Prepare a chart that compares India, Spain, and South Africa based on the data. Describe the key differences between the countries. Rank these countries as high-, medium-, and low-income countries. Explain what is surprising or expected about this data. How did the Great Recession impact these countries?
Want to see the full answer?
Check out a sample textbook solutionChapter 32 Solutions
Principles of Economics 2e
Additional Business Textbook Solutions
Horngren's Cost Accounting: A Managerial Emphasis (16th Edition)
Cost Accounting (15th Edition)
Principles of Accounting Volume 2
Principles of Accounting Volume 1
Financial Accounting (12th Edition) (What's New in Accounting)
Horngren's Accounting (12th Edition)
- Rank these countries in order of population: Bangladesh, Brazil, Indonesia,Nigeria, Russia, the United States.arrow_forwardWhy is China still poor in per capita terms despite having the second-largest economy in the world in terms of real GDP?arrow_forwardFrance and the US. France and the US are among the most successful economies in the world, but a closer look suggests some differences. In France, output per capita is substantially lower, but since a smaller fraction of the population works and each worker works fewer hours, output per hour is actually very similar to the US value. GDP and capital are reported in thousands of 2017 US dollars, employment and population in millions. Education is a human capital index based on the average years of schooling. Hours is the average number of hours per year worked by an employed person. Total hours worked can be computed as the product of employment (the number of people working) and hours (the number of hours per worker). (see image) (a) Compute output per capita, output per worker, and output per hour worked. (b) What are the primary sources of the difference in output per capita? Sug gestion: Use total hours worked as your measure of the quantity of labor and hours per employee. (c)…arrow_forward
- Determine the major links between wealth, birth rates, and shared environment within the United states and Thailand?arrow_forwardWhat are the possible factors affecting age and sex composition in determining the demography of a population?arrow_forwardFor most high-income countries of the world, GDP _________________ over time. has proven to be stable has risen gradually has declined slightly has sharply risenarrow_forward
- Demography can have important economic effects. The United States has an aging population. Explain one economic benefit and one economic cost of an aging population as well as of a population that is very young.arrow_forwardMauritius is an island nation off the coast of the African continent in the Indian Ocean. At various points in its history, it has been a Dutch colony, a French colony, and a British colony and it gained its independence in 1968. It has many lovely beaches and is a major destination for parasailing, SCUBA diving, and water skiing. The country generally has good governance and free trade. The population is approximately 1.4MM people. GDP over the last few years has been growing steadily from $25.5B in 2015 to $28B in 2018 (estimated) – which translates into an average growth rate of 3.9%. GDP per capita is $21,600 and the unemployment rate is 6.9%. Assume Mauritius is a small open economy. Further, assume that the world interest rate (r*) and the equilibrium interest rate of Mauritius (r c – the interest rate in Mauritius if it were a closed economy) are equal to each other. a) Imagine now that a new Prime Minister and Parliament are elected in Mauritius. The new administration and…arrow_forwardGlobalization has also led to the growth of __________, which are large multinational corporations that operate in multiple countries around the world. These corporations have significant economic power and influence and are key players in the global economy, affecting trade, investment, and employment patterns.**- A) conglomerates- B) startups- C) state-owned enterprises- D) transnational corporations.arrow_forward
- TRUE or FALSE 21. In the development efforts of the Philippines, hard infrastructures can be done by the privately owned firms as long as these firms are 100% Filipino owned. 22. Migration is a product of push factors from both the country of origin and the country of destination 23. The age structure in a country does not necessarily reflect its burden of dependency. 24. In the Philippines, men live longer than women generally. 25. Healthcare, sanitation, education, and independence of women are considered parts of the demographic transition of a nation. 26. The demand for children equation posits that the demand for surviving children is directly related to the net price of children but is indirectly related to the taste for goods relative to children. 27. Fertility rate is measured from a women's perspective so does the mortality rate. 28. For the Chinese, the One-child policy is purely a disincentive to…arrow_forwardIdentify ONE way that the data in the chart illustrate global economic differences between countries in the late twentieth century. b) Identify ONE similarity (other than GDP per capita) that might account for the low life expectancies of some of the world’s countries, as displayed in the chart. c) Explain ONE way in which longer life expectancies in some of the world’s countries, as displayed in the chart, have led to new political, economic, or social problems.arrow_forwardWhich 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' GDParrow_forward
- Economics: Private and Public Choice (MindTap Cou...EconomicsISBN:9781305506725Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. MacphersonPublisher:Cengage LearningMacroeconomics: Private and Public Choice (MindTa...EconomicsISBN:9781305506756Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. MacphersonPublisher:Cengage Learning