Exam 22: The Economics of Developing Countries

Assume that the real output of a developing nation increases from $120 billion to $140 billion, while its population expands from 100 to 110 million.As a result, real income per capita has increased by about

Which of the following countries had the highest population density (population per square km) in 2014?

Assume the total real output of a developing country increases from $8 billion to $8.2 billion, while its population expands from 14 to 15 million people from one year to the next.Over the year, per capita income has

Which of the following countries had the worst score in the Corruption Perception Index in 2015?

One of the major investment obstacles in less-developed nations is

One policy recommended by most economists for promoting economic growth in DVCs is the nationalization and protection of domestic industries.

The richest 20 percent of the world's population receives more than 75 percent of the world's income, while the poorest 20 percent receives less than 2 percent of the world's income.

Large agricultural subsidies for food and fiber in IACs hurt the economies of the DVCs by

Which of the following would most help a developing country (DVC) break out of the vicious circle of poverty?

Capital flight from DVCs (developing countries) tends to offset much of the foreign loans and aid that they receive from IACs (industrially advanced countries).

The gap in the standards of living between the IACs (like the U.S., countries of Western Europe, and Japan) and the DVCs of Africa, Latin America, and Asia have been narrowing significantly over the decades.

Economists would most likely suggest that advanced nations can best assist in the economic development of developing nations by

Which of the following factors contributes to the weak economic growth in DVCs?

The "vicious circle of poverty" for developing nations can best be described by

If a technological advance expands output and requires a smaller investment in capital goods, this technological advance

The fertility rates-the number of children per woman's lifetime-in most DVCs (developing countries) are

What is needed to aid capital formation in developing countries?

Which of the following includes only examples of industrially advanced countries (IACs)?

Per capita income in the United States in 2014 was how many times greater than that in China?

Which of the following is not inversely related to per capita income?