Exam 19: The Economics of Developing Countries

Assume a DVC has a real per capita output of $1,000 as compared to $20,000 for an IAC.If both nations realize a 4 percent growth of their real per capita outputs, after one year the absolute real per capita output gap will

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

Economic growth in the DVCs might increase if IACs

Which of the following countries had the highest population growth rate in 2013-2014?

At the beginning of the year, one developing country (DVC) has a real income per capita of $800.In a developed country (IAC), the real income per capita is $30,000.Both countries experience a 4 percent growth rate for the year.At the end of the year, the absolute income gap between these two countries will have increased from $29,200 to

Most of the flow of foreign aid goes to

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

Surplus agricultural labor in a developing nation usually means that there is

The World Bank seeks to

Which of the given nations would be middle-income developing countries (DVCs), according to the World Bank?

In recent years, a greater proportion of private capital flows to DVCs has been direct foreign investment rather than loans to DVC governments.

In recent years, the industrially advanced nations as a group have provided foreign aid amounting to about what percentage of their aggregate outputs?

The vicious circle of poverty implies that there is no way to break the circle; the poor nations will always remain poor.

The presence of large and fast-growing populations in developing countries contributes to lower per capita incomes.

The World Bank

What is the immigration problem for DVCs?

A new fertilizer that is better suited to a nation's topography and climate is an example of a technological advance that is

The World Bank

Saving is a larger percentage of domestic output in DVCs than in IACs, but the saving is put to poor use.

The very poorest low-income DVCs typically have relatively