What is happening to real per capita GDPs of countries

Assignment Help Business Economics
Reference no: EM13833271

1. More people in high-income countries than in low-income countries tend to believe that rapid rates of economic growth are not desirable.

Some people in ______-income countries are ______ with certain consequences of rapid economic growth, such as higher standard of living.

-in low-income countries               -are concerned with

-in high-income countries              -are satisfied with

2. Which of the following best explains what is actually happening to real per capita GDPs of countries?

a. Lower-income countries have not caught up to higher-income countries at all.

b. Lower-income industrial countries are catching up with higher-income industrial countries.

c. Most countries now have similar real per capita GDP levels.

d. Poor countries are generally catching up with rich countries.

Reference no: EM13833271

Questions Cloud

Executive compensation schemes and employee benefits : Analyse the annual reports of your chosen companies in light of the standard requirements -  Compare and contrast the two annual reports, identify the differences in disclosures of executive compensation schemes and employee benefits.
How has change in capital-labor ration affected efficiency : The country Panjim has been growing at the rate of 8 percent annually following a series of economic growth reforms. Adelphia, a neighboring country, is also growing rapidly,  How has the change in capital-labor ration affected efficiency? What propo..
Calculate the gauge pressure of the gas in a container : Calculate the gauge pressure of the gas in a container
Explain the three different types of elasticity of demand : Explain the 3 different types of elasticity of demand. Use supply and demand analysis to illustrate the effects of a specific or per unit tax on consumers and producers of petrol.
What is happening to real per capita GDPs of countries : More people in high-income countries than in low-income countries tend to believe that rapid rates of economic growth are not desirable. Which of the following best explains what is actually happening to real per capita GDPs of countries?
The effects of fertilizer on peanut production : the effects of fertilizer on peanut production
Industries have recorded remarkable growth in productivity : The country of Alcazar has been growing at an impressive pace for the last five years. With improvements in technology, many industries have recorded remarkable growth in productivity
Increase in demand and increase in supply will lead : Increase in demand and increase in supply will lead to?:
Recent industry report concluded that the global demand : A recent industry report concluded that the global demand for the good X is expected to increase. Based on the demand projections given in the report Colaba, a firm that produces and sells X, is contemplating hiring more labor to increase production.

Reviews

Write a Review

Business Economics Questions & Answers

  Demand for corporate-owned jets

What effect, if any, does each of the following events have on the price elasticity of demand for corporate-owned jets?

  Deadweight loss and market failure

Deadweight loss and market failure are created when a market produces

  Explain which assumption on preferences is being violated

In each of the following situations, the possible bundles contain apples and oranges and either 0, 1 or 2 of each. An example bundle would be 2 apples and 1 orange = (2, 1). In each part, there is a description of a set of preferences. If the orderin..

  Expansionary monetary strategy to shift

Assume the economy starts out at point A. After that, the public anticipates that the Fed will use expansionary monetary strategy to shift the AD curve from AD1 to AD2.

  Demand curve is upward-sloping

In theory, “Giffen good” is a good for which the demand curve is upward-sloping, which violates the law of demand. Please provide at least one example as a Giffen good and explain briefly why the demand curve is upward-sloping.

  Lower opportunity cost

Joe can make apple pie at a lower opportunity cost than Sandy but Sandy can make more apple pies per day than Joe.

  Elucidate how much do dairy farmers receive per gallon

What is the new equilibrium price and quantity. Elucidate how much do dairy farmers receive per gallon of milk after the tax? how much do demanders pay.

  Elucidate real output have to be for equilibrium price level

Suppose that the real interest rate increase to r = 0.11. Elucidate real output have to be for equilibrium price level to remain at its initial value.

  In the numerical example given in the text

In the numerical example given in the text, the inverse demand function for the depletable resource is P = 8 -0.4q and the marginal cost of supplying it is

  Did organizations culture facilitate successful management

Explain how manager could improve and become more "well rounded". Also include what this manager did well. Include observations about the managerial environment.

  What is the annual equivalent cost for the truck

The initial cost of a pickup truck is $12,859 and will have a salvage value of $4,027 after five years. Maintenance is estimated to be a uniform gradient amount of $181 per year, with zero dollar for first year maintenance. The operation cost is esti..

  Gas-fired plants would minimize construction costs

what combination of coal-fired plants and gas-fired plants would minimize construction costs.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd