1. A) Who was or who were the ones responsible for the Open Petroleum Model? Select one: a. Lloyd Best and Kari Levitt b. Amartya Sen c. Gerald Meier d. Dudley Seers B) This indicator measures the deficit of incomes below the estimated poverty line: Select one:
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1. A)
Who was or who were the ones responsible for the Open Petroleum Model?
Lloyd Best and Kari Levitt
Amartya Sen
Gerald Meier
Dudley Seers
B)
This indicator measures the deficit of incomes below the estimated poverty line:
Human Development Index
Human Poverty Index
Income Gap Ratio
Head Count Ratio
C)
Seers focuses on three indicators that need to be addressed before economic development can take place
Poverty,
Poverty, employment and knowledge
Income equality, poverty and knowledge
Employment, long life and poverty
Step by step
Solved in 3 steps
- Question 13 The following income distribution data are for Lesotho: Quintile Percent Share Lowest 10% 2.2% Lowest 20% 3.0% Second quintile 7.2% Third quintile 12.5% Fourth quintile 21.0% Highest 20% 56.3% Lesotho's national income is about $1.69 billion. What is the approximate dollar income of the bottom 20 percent? Bottom 40 percent?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?…Which statements are TRUE? 1. Solving poverty has to be done from macroeconomic and microeconomic levels. 2. Where to Meet Dilemma is the situation where parties know that it is better to cooperate than compete yet they do not know how to do so. 3. The Kuznets Curve is a graphical presentation of the relationship of the Gini coefficient and GNI per capita. 4. The formal sectors is the part of the urban economy that is characterized by small competitive individuals or small firms, petty retail trade and services, labor-intensive methods, free entry and market determined prices. 5. The Comprehensive Agrarian Reform Program is a means of asset distribution. 6. The Social Amelioration Program is a subsidy. 7. Poverty is a cause and effect of other economic problems. 8. Information, communication and coordination between and among government institutions are requisites of successful economic development program implementation. 9. A super-entrepreneur can solve poverty in any nation. 10.…
- S1: The age structure in a country does not necessarily reflect its burden of dependency. S2: In the Philippines, men live longer than women generally. A. True, True B. True, False C. False, True D. False, FalseThis is not a writing assignment, this is a multiple-choice question Which would 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. The primary stumbling block to development in poor countries has been the bad advice they received from the rich countries.In a mixed economy, which of the following is not a legitimate area of government intervention? Select one: a. Taxation of the profits of private companies. b. Expenditure on major infrastructure projects. c. Transfers of tax revenues to poor communities. d. Taxation of the income of wage and salary earners. e. Control of prices that change in response to changes in demand. Reason:
- TRUE OR FALSE. Write True, if the statement is true and write False, if the statement is false. 1. Economic stability characterized by having more income is what defines development per se. 2. Other essentials in modern times would include access to quality education and availability of modes of transportation and communication. 3. As it was in the past, absolute poverty is true if the minimum levels of basic needs are met. 4. Poverty is more than just lack of income as it is multi-dimensional and includes non-economic variables. 5. The end of economic development is the improvement of quality of life and capabilities so long as a substantial number of people benefits. 6. Subsistence economy is often referred to as “hand-to-mouth” existence. 7. Developing countries are also referred as less developed countries. 8. Traditionally, economic development is measured by quantitative measures of income and income distribution. 9. What a country has for its resources determines to a great…The graph on Slide 126 of Part 3.1.1 (income dimensions) shows that if the linear trend since 1980 continues, Sustainable Development Goal 1 will be achieved by 2025. What is SDG1, and why might this linear projection be unrealistic? Poverty rate (%) A linear projection suggests World less HICS that SDG1 will be achieved World 2015 9.98 11.59 2013 11.2 13.05 2012 12.79 14.95 2011 13.72 2010 15.73 60 16.05 18.45 2008 18.16 21.36 Rate of decline of about 2005 20.71 24.42 50 2002 25.49 30.16 1% point per year 1999 28.62 33.98 1996 29.44 35.09 40 1993 33.99 40.69 43.17 42.76 1990 35.88 1987 35.33 30 1984 39.23 47.8 1981 42.12 51.7 Source: PovcalNet (World Bank) • World 10 • World less high-income countries Reaches zero in 2025 => 1980 1984 1988 1992 1996 2000 2004 2008 2012 2016 Poverty rate ($1.90 per day) 20a) Suppose that there are two pre-industrial societies. These are identical in every way, except that in one the government imposes a heavy tax on income, in the other society the government imposes no framework, explain how will these two societies differ in terms of material living standards, life expectancy, and population? And also comment using reasoning which society is better off? income. Using the Malthusian
- Explain how cuts in funding for programs such as Head Start might affect the development of human capital in the United States.Identify THREE public policies that can stimulate employment and facilitate economic growth in an economy. Carefully discuss the impact of each public policy. Provide at least ONE specific example to support each policy.Belize Prime Minister took $30 million loan from the Social Security Board, for constructing of administrative buildings on government-owned land on Lake Independence Boulevard. Can this level of expenditure contribute to the economic growth of Belize or helped lower poverty among the population?