Chapter23: Growth And Less Developed Countries
Section: Chapter Questions
Problem 4SQ
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Question
- Discuss the idea of vicious circle of poverty of your chosen country.
- Explain the importance of GDP in the said country.
- Describe the concepts of absolute poverty to relate the situation of the country.
- Describe the impact of under populated of such country.
- Discuss the idea of ignoring the human welfare in that country.
Part II.
- How do you apply the opinion of Prof. Nurkse on the supply side of vicious circle that “there is small capacity to save resulting from low level of
national income ” to your chosen country? - How do you analyze the dependency ratio considering the ideas that it measure of the numbers ages from 0 to 14 and over 65 of age, compared with the total population to 15 to 64 of age of the country you have chosen?
- According to Adam Smith, an inquiry into the nature and causes of wealth of nation in which economics is primarily concerned with wealth. In this premise, how do you apply the concepts of wealth of nation in producing a product of the concerned country?
- Supposed that it is over populated country, how do you evaluate the effects of overpopulation considering that it is undesirable condition where the number of existing human population exceeds the carrying capacity of the country?
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