EBK MACROECONOMICS FOR TODAY
EBK MACROECONOMICS FOR TODAY
9th Edition
ISBN: 8220101425966
Author: Tucker
Publisher: CENGAGE L
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Chapter 20, Problem 14SQ
To determine

The problems faced by less developed countries (LDCs).

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Which of the following is the closest to the concept of economic development?a.     economic growth accompanied by an improvement in the people’s quality of life.b.     economic growth without improvement in the quality of lives of the people.c.     economic growth due to increased GDP per capita.d.     GDP per capita only.
Which of the following helps Oman to achieve economic development? a. Increase dependency of oil and gas b. Encourage people to spend more and save less c. Increase exports of Omani product d. Decrease production of goods and services
(b)How poor countries can sustain high growth and development?
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