PERSPECTIVES In 2020, the United States devoted about 0.18 percent of its $21 trillion GDP to development assistance. Instructions: In part a, round your response to the nearest whole number. In part b, round your response to two decimal places. How much money is that? $________ billion How much aid does that imply for each of the 3 billion poor people in developing nations? $________ per person

PERSPECTIVES In 2020, the United States devoted about 0.18 percent of its $21 trillion GDP to development assistance. Instructions: In part a, round your response to the nearest whole number. In part b, round your response to two decimal places. How much money is that? $ billion How much aid does that imply for each of the 3 billion poor people in developing nations? $ per person

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter7: Production And Growth

Section: Chapter Questions

Problem 6PA

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2. You are a manager at a large shampoo company and on the search for future markets. You identified two low income countries that look very dynamic: Country A has a GDP/capita growth rate of -1% and population growth rate of 9%. Country B has a GDP/capita growth rate of 7% and constant population. (a) Discuss which country you should focus on for your expansion. (b) Discuss if your answer would change if the products you are trying to sell are cars.
(b)How poor countries can sustain high growth and development?
28) Empirical evidence from 1960 to 2010 shows that convergence in economic growth is occurring in which of the following cases? A) Low-income industrial countries are catching up to high-income industrial countries. B) Low-income developing countries are catching up to high-income industrial countries. C) Low-income industrial countries are catching up to high-income developing countries. D) All low-income countries are catching up to all high-income countries. 29) Which of the following countries actually experienced negative economic growth from 1960 to 2010? A) Israel B) Singapore C) Niger D) Malaysia 30) Which of the following accurately describes the impact of the rule of law on a country's economic growth rate? A) Countries with a strong rule of law have faster economic growth. B) Countries with a weak rule of law have faster economic growth. C) Countries that enforce property rights through lawsuits have slower economic growth. D)…
Suppose Hondamaha, a motorcycle manufacturing firm headquartered in Japan, builds a production plant in Arizona. This is an example of foreign investment in the United States. Which of the following policies are consistent with the goal of increasing productivity and growth in developing countries? Check all that apply. O Increasing taxes on income from savings Imposing restrictions on foreign ownership of domestic capital O Providing tax breaks and patents for firms that pursue research and development in health and sciences O Protecting property rights and enforcing contracts In less developed countries, what does the term brain drain refer to? O Rapid population growth that lowers the stock of capital per worker The emigration of highly skilled workers to rich countries Lower productivity due to a malnourished workforce O Rapid population growth that increases the burden on the educational system
What obstacles does Rwanda face in its efforts to achieve economic growth
Critically explain with examples how the budget can influence economic growth and development.
Explain how high population growth could complicate or hamper development in an economy or country
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Select a developing country that interests you and searchfor evidence suggesting which factors are the bindingconstraints on growth.
6) How many years will Colombia grow with a GDP of $323 billion dollars at a growth rate of 4%? 7) How many years will Ukraine grow with a GDP of $153 billion dollars at a growth rate of 2%? 8) How many years will the Ghana grow with a GDP of $67 billion dollars at a growth rate of 6%?
1. Why is an understanding of development crucial to policy formulation in developing nations? Do you think it is possible for a nation to agree on a rough definition of development and orient its strategies accordingly?
The growth rate of real GDP per person in Pacific in 2020 is ____ percent ?