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Over the entire interval since 2000, which group of countries has experienced a higher rate of economic growth: emerging and developing nations or advanced nations?

Short Answer

Expert verified

The development paces of the typical yearly genuine GDP in the creating or arising are higher than those in the partners in the high-level countries.

Step by step solution

01

Given Information

Central African Republic, Congo Democratic Republic, Haiti, Liberia, Madagascar and Togo should be visible to have a populace development rate higher than the typical yearly per capita GDP development rate.

02

Explanation Part (1)

This comes full circle into a typical yearly development pace of the genuine pay which is a lot lower than the development figures in the high-level nations. The populace development rates have a huge bearing on the monetary development of the country. The development and advancement benefits as a higher result, pay and work move destroyed by the duplicating recipient heads or the number of inhabitants in the country.

03

Explanation Part (2)

Indonesia is the third biggest majority rules system in the world and its endeavours to make its improvement markers match that of the US and UK, making it the non-industrial nation yet to arrive at the high-level status every one of the arising or creating economies is in the change stage, during the time spent development and extension all areas of the economy to expand result, pay and work in the economy to match those and the expectations for everyday comforts of the populace in the high-level nations.

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Most popular questions from this chapter

A country's real GDP is growing at an annual rate of 3.1percent, and the current rate of growth of per capital real GDP is0.3 percent per year. What is the population growth rate in this nation?

Suppose that every 500 billion of dead capital reduces the average rate of growth in worldwide per capita real GDP by 0.1 percentage point. If there is 10 trillion in dead capital in the world, by how many percentage points does the existence of dead capital reduce average worldwide growth of per capita real GDP?

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a. Why might the World Bank face moral hazard problems if it were to offer to provide funds to governments that promise to allocate the funds to major institutional reforms aimed at enhancing economic growth?

b. How does the IMF face an adverse selection problem if it is considering making loans to governments in which the ruling parties have already shown predispositions to try to "buy" votes by creating expensive public programs in advance of elections? How might following an announced rule in which the IMF cuts off future loans to governments that engage in such activities reduce this problem and promote increased economic growth in nations that do receive IMF loans?

Consider Table 18-1. Based on the basic arithmetic of economic growth, what were the average annual rates of real GDP growth since 1990 for those nations experiencing positive rates of annual growth of per capita real GDP?

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