Chapter 22: Q2RQ (page 456)
Question. True or False: A DVC that has little in the way of natural resources is destined to remain poor.
The statement is false.
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Why do you think there is so much government corruption in some developing countries ?
As it relates to the vicious circle of poverty, what is meant by the saying, “Some DVCs stay poor because they are poor”? Change the box labels as necessary in Figure 22.3 to explain rapid economic growth in countries such as South Korea and Chile. What factors other than those contained in the figure might contribute to that growth?
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?
What is the demographic transition? Contrast the demographic transition view of population growth with the traditional view that slower the population growth is a prerequisite for raising living standards in DVCs
Question. True or False. Economists are unanimous that foreign aid greatly helps DVCs
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