Economic Development

Question 1

According to the graph, what has been taking place within India's economy since 2005? During which years does India's development appear to level off?

Revolt · Accepted Answer

2007–2010

Question 2

When competition is present within an economy, with limited government intervention, it is considered a economy.

Revolt · Accepted Answer

mixed-market

Question 3

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

Revolt · Accepted Answer

$4 trillion

Question 4

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.

Revolt · Accepted Answer

developed

Question 5

One sign of transition is the establishment of.

Revolt · Accepted Answer

fair labor

Question 6

One sign of transition is the establishment of.

Revolt · Accepted Answer

fair labor

Question 7

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.

Revolt · Accepted Answer

developing

Question 8

X at least $5,000✔ less than $10,000more than $10,000

Revolt · Accepted Answer

✔ 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.: 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

Economic Development Answers

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