Micro Economics For Today
10th Edition
ISBN: 9781337613064
Author: Tucker, Irvin B.
Publisher: Cengage,
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Question
Chapter 17, Problem 11SQ
To determine
The true statement about the economy.
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Describe and justify your choice of the most appropriate indicators, such as GDP, literacy rates, health, communication, etc., of development. Do some indicators seem biased or inappropriate? Why?
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: S
What are some of the advantages of using a development metric?
it allows for comparison across countriesit can be used to help allocate money and resourcesit leads to better outcomes for residents of developing countriesit shows progress over time
What are some disadvantages of using a development metric? Choose all that apply.weighting aspects of development is subjectivedetermining how to measure factors (such as education or health) is not always obviouscountry level statistics miss variation among groupsnot all aspects of development' can be quantified
Chapter 17 Solutions
Micro Economics For Today
Ch. 17.2 - Prob. 1GECh. 17.2 - Prob. 2GECh. 17 - Prob. 1SQPCh. 17 - Prob. 2SQPCh. 17 - Prob. 3SQPCh. 17 - Prob. 4SQPCh. 17 - Prob. 5SQPCh. 17 - Prob. 6SQPCh. 17 - Prob. 7SQPCh. 17 - Prob. 8SQP
Ch. 17 - Prob. 9SQPCh. 17 - Prob. 10SQPCh. 17 - Prob. 11SQPCh. 17 - Prob. 12SQPCh. 17 - Prob. 1SQCh. 17 - Prob. 2SQCh. 17 - Prob. 3SQCh. 17 - Prob. 4SQCh. 17 - Prob. 5SQCh. 17 - Prob. 6SQCh. 17 - Prob. 7SQCh. 17 - Prob. 8SQCh. 17 - Prob. 9SQCh. 17 - Prob. 10SQCh. 17 - Prob. 11SQCh. 17 - Prob. 12SQCh. 17 - Prob. 13SQCh. 17 - Prob. 14SQCh. 17 - Prob. 15SQCh. 17 - Prob. 16SQCh. 17 - Prob. 17SQCh. 17 - Prob. 18SQCh. 17 - Prob. 19SQCh. 17 - Prob. 20SQ
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