Assume the total real income of a developing country increases from $8.5 billion to $8.5 billion, while its population expands from 14 to 15 million people from one year to the next. Over the year, per capita income has decreased by about $5 per person.   increased by about $1 per person.   decreased by about $46 per person.   increased by about $500 per person.

Q: Compared to other economies, productivity growth contributes more to economic growth in developing…

A: In economics, productivity growth refers to the improvement in the current or existing technology,…

Q: The infrastructure of developing countries usually cannot meet the needs of a rapidly growing…

A: Developing countries halve huge infrastructure requirements,considering the extent to which they…

Q: True/ False  Economic development refers to the growth of the GDP of an nation.

A: Economic development is the steady, long-term increase in a nation's or region's economic…

Q: Achieving higher gross domestic product growth is the prime aim of every developing country.Explain…

A: A country's development is directly linked to its GDP that is the gross domestic production and…

Q: TRUE OR FALSE: Population growth in high-income countries is higher than in low-income countries.

A: Concepts: A higher income country is a natiom with higher per capita income. It implies a higher…

Q: P than another country b icators.

A: GDP is a tool to measure growth in an economy. It is a quantitative measure and doesn't incorporate…

Q: if a nation has a population of 100 million, a labor force of 60 million, GDP of $100 billion , then…

A:

Q: An underdeveloped country is a country characterized by chronic widespread poverty and less economic…

A: Absolute poverty refers to a condition where individuals or communities lack the basic necessities…

Q: 3) Explain the positive and negative aspects of Foreign Direct Investment (FDI) for developing…

A: Foreign Direct Investments  Foreign direct investment is the purchase of a company's stock by a…

Q: n developing c

A: China has become a major center for innovation and new technology and in turn leads to…

Q: An underdeveloped country is a country characterized by chronic widespread poverty and less economic…

A: A country is said to be underpopulated when it has insufficient or very small population.

Q: Can the HUMAN DEVELOPMENT INDEX alone measure a country's level of development?

A: Economic growth refers to the increasing value of goods and services in a given time period.…

Q: Interpret the gnp growth rate of the philippines over the years and explain its implication.

A: The value of all commodities and services generated by a country's citizens and enterprises is…

Q: Distinguish between industrially Advanced countries and Developing countries. Give examples

A: Those countries whose rate of industrialization and per capita income is high is known as…

Q: There's quite a diverse set of countries in East Asia that have varying levels of development.…

A: Lower or upper income level of countries is defined the per capita income countries earn . Where…

Q: Some of the ways that industrially advanced countries (ACs) can help developing countries (DVCS) in…

A: Economic growth refers to the increases in the production of the goods and services over a period of…

Q: Discuss the main features of underdeveloped countrie

A: The economics as a study is majorly based upon the basic idea of scarcity of resources. The wants,…

Q: The distribution of income OA) is more even in developing countries than in the Russia B) is more…

A: This can be defined as a concept that shows the continuous progress in any nation it does not happen…

Q: Can you think of other common characteristics of less developed countries not mentioned in these…

A: Less Developed Countries or LDCs LDCs are low-income nations that face major systemic barriers to…

Q: An underdeveloped country is a country characterized by chronic widespread poverty and less economic…

A: HDI, or the Human Development Index, evaluates a nation's progress, encompassing life expectancy,…

Q: Research the following National Development Indicators and explain briefly: Gross Domestic Product…

A: "Since you have posted a question with multiple sub-parts, we will solve the first three subparts…

Q: As a result, real income per capita has increased by about

A: Per capita income is the average income of a citizen of a country. This shows how the national…

Q: The capabilities of a person are sourced from himself, his family, the community and the national…

A: 1. The capabilities of a person are sourced from himself, his family, the community and the national…

Q: An economy can be considered healthy if the Real GDP Growth Rate is than the Inflation Rate.

A: GDP refers to the all final value of good and services produced in the domestic territory of the…

Q: MODIFIED TRUE OR FALSE Development indicators are statistics which are used to rank countries and…

A: When talking abou financial indicators in economics, it can be said that these are the economic…

Q: Using economic theories and graphs: Discuss in at least four ways why the education of women is…

A: Development refers to a multidimensional process of positive social, economic, and political changes…

Q: There are three (3) stages in the movement of developing countries where subsistence farming is…

A: The above problem is based on tracing the development path of the given nation. There is a…

Q: 28) Empirical evidence from 1960 to 2010 shows that convergence in economic growth is occurring in…

A: ***Since the student has posted multiple questions, the expert is required to solve only the first…

Q: Per capita GDP is used to measure a country's standard of living. What other economic factors impact…

A: The GDP is known as gross domestic product which is the sum of all the final goods and services…

Q: An increase in the standard of living of citizens of a country can be best measured by the growth…

A: Per capita nominal GDP:-                            Nominal GDP per capita=Nominal GDPPopulation…

Q: Why is the population of low- income countries predicted to grow more quickly than the population of…

A: The population rate affects the income per capita GDP. The low-income countries grow differently…

Q: the basic needs strategy and the stratgic development goals are key instruments within the economies…

A: The basic needs strategy is an approach to development that emphasizes meeting the basic needs of…

Q: Why is GDP in developing countries greater than GDP in developed countries?

A: The Gross Domestic Product (GDP) is a widely used indicator of an economy's output or production. It…

Q: Describe and compare the long run economic growth of a developed and a developing country

A: Economic growth is a term that is used to define the development of countries.

Q: Given existing inequalities within most countries, how are country-wide averages of benchmarks like…

A: The uneven distribution of income throughout the population is known as inequality in income. When…

Q: Discuss how the present less developed countries differ from the present developed countries during…

A: It can be mentioned that when it comes to the case of human resources in the earliest stages of…

Q: What are the different indicators-other than per capita GDP (PCI)-which economists in recent decades…

A: Economists use various measures to assess the economic development of a country. This helps them in…

Q: The social well-being of a country Is best measured by per capita GDP. Always increases when real…

A: The social well-being of a country can not be fully captured or assessed solely with the aid of…

Q: Is FDI (Foreign Direct Investment) beneficial for a country in achieving economic development?…

A: FDI is when an a company or an investor buys a stake in a company or business in a foreign nation.…

Q: Achieving higher gross domestic product (GDP) growth is the prime aim of every developing country.…

A: Yes. It is true that for any developing economy, GDP growth rate acts as an index for its…

Q: A valid criticism of income level or GDP as an indicator of development is that it does not take the…

A: Below is the formula to compute GDP: GDP = C + I + G+ (X-M)C = Consumption I = InvestmentG =…

Q: Developing countries with low savings rates , high levels of regulations and poor levels of health…

A: Developing countries are defined as those countries that have low human development index as…