Chapter 22: 22-9DQ (page 456)
Why do you think there is so much government corruption in some developing countries ?
Short Answer
Corruption in some developing countries is more due toweak institutions, poor law and order, illiteracy, etc.
Chapter 22: 22-9DQ (page 456)
Why do you think there is so much government corruption in some developing countries ?
Corruption in some developing countries is more due toweak institutions, poor law and order, illiteracy, etc.
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Get started for freeQuestion. A DVCโs population is growing 2 percent per year and output is growing 3 percent per year. If the government wants to improve living standards over coming decades, which of the following would probably be the best savings rate for the economy?
a. 2 percent.
b. 0 percent.
c. 10 percent.
d. 5 percent.
Suppose a countryโs total output is growing 10 percent per year, but its population is growing 11 percent per year. What will happen to living standards?
Question. Which of the following policies would economists consider to be actions by a DVC government that will improve growth prospects?
Choose one or more answers from the choices shown.
a. Helping to extend the banking system to the rural poor.
b. Passing high tariffs against foreign products.
c. Constructing better ports, roads, and Internet networks.
d. Charging high fees for public elementary schools.
Question. Assume that a very tiny and very poor DVC has income per capita of \(300 and total national income of \)3 million. How large is its population? If its population grows by 2 percent in some year while its total income grows by 3 percent, what will be its new income per capita rounded to full dollars? If the population had not grown during the year, what would have been its income per capita?
Question. True or False. The term developing country (DVC) is applied to rich nations like the United States and Germany because their economies are always growing quickly by developing new technologies.
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