Economic Development Answers

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For each statement, determine if it is an indicator of a developed or developing nation. The country's population is growing quickly and is expected to double in twenty years. The country has a high per-capita GDP, and most people enjoy a high standard of living. The country has a lower life expectancy of 52, far below the world average of 70.

Answers:
For each statement, determine if it is an indicator of a developed or developing nation. The country's population is growing quickly and is expected to double in twenty years. The country has a high p:developing
For each statement, determine if it is an indicator of a developed or developing nation. The country's population is growing quickly and is expected to double in twenty years. The country has a high p:developed
For each statement, determine if it is an indicator of a developed or developing nation. The country's population is growing quickly and is expected to double in twenty years. The country has a high p:developing
4

✔ rapid developmentX slow developmentno development

A
✔ rapid development
B
X slow development
C
no development
5

According to the excerpt, what is the organization’s primary purpose?

A
to serve as a banking institution for countries that do not have banking systems
B
to provide loans directly to people living in poverty
C
to reduce global poverty and improve the standard of living in developing countries
D
to provide technical assistance to developed countries
6

X mixed-market✔ command

Answers:
A country has a economy when its government holds full control over economic activity.:command
When competition is present within an economy, with limited government intervention, it is considered a economy.:fair labor
One sign of transition is the establishment of.:fair labor
7

China's GDP passed one trillion USD between Between 2005 and 2010, China's GDP increased by approximately .

Answers:
China's GDP passed one trillion USD between Between 2005 and 2010, China's GDP increased by approximately .:1995 and 2000
China's GDP passed one trillion USD between Between 2005 and 2010, China's GDP increased by approximately .:$4 trillion
8

Which factor is likely to be of concern in a developed economy in the twenty-first century?

A
low GDP
B
higher unemployment among less-skilled workers
C
populations that are growing too quickly
D
a labor shortage in manufacturing industries
9

According to the chart, most of the countries in the world have a GDP of per person.About countries have a GDP greater than $50,000 per person.

Answers:
According to the chart, most of the countries in the world have a GDP of per person.About countries have a GDP greater than $50,000 per person.:less than $10,000
According to the chart, most of the countries in the world have a GDP of per person.About countries have a GDP greater than $50,000 per person.:10
10

2005–2007✔ 2007–20102010–2012

A
2005–2007
B
✔ 2007–2010
C
2010–2012
11

✔ fair laborgovernment restrictions

A
✔ fair labor
B
government restrictions
14

One sign of transition is the establishment of.

A
fair labor
B
government restrictions

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