The distribution of income OA) is more even in developing countries than in the Russia B) is more concentrated in the United States than in Canada or Japan C) is not related to a country's level of development OD) tends to be more equal in developing countries than in developed countries E) is about the same in most countries
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- The table presents recent data from the World Bank. Based on the data in the table, which statement is correct? Distribution of Income and Average Income Sri Lanka and Mongolia Sri Lanka Mongolia $3,000 40.6% 8.0% Average household income Percentage of total of income earned by the top quintile of households Percentage of total of income earned by the bottom quintile of households 7.0% $3,000 47.6% Average household income varies more in Mongolia than in Sri Lanka. The rich tend to be richer in Mongolia than in Sri Lanka. Average income in the top quintile is lower in Sri Lanka than in Mongolia. Average income in the bottom quintile is lower in Sri Lanka than in Mongolia.This is not a writing assignment, this is a multiple-choice question Government involvement in the economy can be beneficial for all of the reasons below, EXCEPT for this one. Group of answer choices It facilitates trade and legal processes efficiently and enables both to function smoothly in developing countries as well as in the developed ones. It redistributes wealth from the rich to the poor and the middle class. Although this idea is not universally supported by all economists as beneficial for the economy, it is a popular notiion in European countries. It can provide public goods that make us better off but otherwise would not be provided in sufficient quantity and affordable prices by the private sector. It can lower the cost of doing business in the private sector by providing uniform rules and regularions, routing out fraud, and by circulating sound currency. It enforces antitrust laws that forbid companies from conspiring together in ways that erase benefits of…The chapter "Contemporary Models of Development and Underdevelopment" discusses some “trap” issues for developing countries, such as middle-income trap, underdevelopment trap, and poverty trap. What do you think the root cause(s) of these issues in the developing countries? Can the developing countries escape from this trap? And to what extent the roles from developed countries are need? Explain and give example to support your answer!
- Life in the Developing Nations: Population and Poverty 1.What is the distribution of the world's population between the developed nations and developing nations? What is the distribution of income between these two groups and their consumption as a percentage of world income? 2.Can the same principles that have been used in the study of advanced economies be used to study less developed economies as well? Explain your answer. 3.What are some of the issues that economists have to worry about when studying developing nations that are very different from those of advanced industrialized nations? 4.In the 1960 nations could be divided into three distinct groups. Discuss these three groups and offer examples of countries that fit into each of these categories. 5.Why is it that today it is more difficult to categorize countries into the three neat groups like the one that were used in the 1960s.Explain why fertility rates are falling much more rapidly in some developing countries than in others.Prof. Stiglitz argued that developing countries should be given some favor (leeway) to pursue their pro-development policies as one of reforms aiming at addressing unfair trade agreements (arrangements) between the advanced industrial countries and the poorest developing countries. Why is this idea acceptable? Which of the following is MOST appropriate for an answer? A. Because developing countries do not necessarily need to keep the principle of the most-favored-nation principle (i.e., non-discrimination principle) as member countries of the WTO considering their inferior and poor economic circumstances. B. Because developing countries can use pro-development strategies such as temporary industrial policies under which they can facilitate rapid development of their favored industries with subsidies. C. Because allowing the developing countries to pursue their pro-development policies is one of effective way of their catching up rapidly with the advanced…
- Prof. Stiglitz argued that developing countries should be given some favor (leeway) to pursue their pro-development policies as one of reforms aiming at addressing unfair trade agreements (arrangements) between the advanced industrial countries and the poorest developing countries. Why is this idea acceptable? Which of the following is LEAST appropriate for an answer? A. Because developing countries do not necessarily need to keep the principle of the most-favored-nation principle (i.e., non-discrimination principle) as member countries of the WTO considering their inferior and poor economic circumstances. B. Because developing countries can use pro-development strategies such as temporary industrial policies under which they can facilitate rapid development of their favored industries with subsidies. C. Because allowing the developing countries to pursue their pro-development policies is one of effective way of their catching up rapidly with the advanced…Is it true that Pakistan is under developing country due to education? (Subject: Economic development of Pakistan)Why is GDP in developing countries greater than GDP in developed countries?
- In this chapter Wheelan also discusses the role of developed economies in alleviating (reducing) poverty in less developed economies. To this purpose, he draws from works of development economists such as William Easterly, Jeffrey Sachs, and others. Of the statements listed below which would Wheelan and the other quoted authors NOT AGREE to be effective or well-directed economic development strategies to alleviate global poverty? Group of answer choices Most of the difference between the huge success of East Asia and the relatively poor performance of South Asia, sub-Saharan Africa, and Latin America can be explained by the differences in their government policies. Traditional aid projects to the less developed economies have been inflexible and ineffective. Impoverished nations are caught in a poverty trap, and only capital from developed nations will rescue them. The primary stumbling block to development in poor countries has been the bad advice they received from the rich…High-income countries United States Canada Japan France Middle-income countries i China India Libya Low-income countries Burundi Haiti Ethiopia Average Growth Rate (2000-2018) of GDP Population. 1.7 1.9 0.7 1.1 9.5 6.8 -1.2 3.1 1.4 9.8 0.8 1.0 0.0 0.6 0.5 1.4 1.2 3.1 1.5 2.8 Per Capita GDP 0.9 0.9 0,7 0.5 9.0 5.4 -2.4 0.0 -0.1 7.0 Assuming the 2019 per capita GDP growth rate is equal to the average growth rate (2000-2018) provided in the table, estimate 2019 per capita GDP for each of the following countries: Instructions: Round your responses to the nearest dollar. a. Japan: $[ b. Haiti: SAt the beginning of the year, one developing country (DVC) has a real income per capita of $1,000. In a developed country (IAC), the real income per capita is $30,000. Both countries experience a 4 percent growth rate for the year. At the end of the year, the absolute income gap between these two countries will have increased from $29,000 to $30,160. $31,200. $30,120. $32,240.