Exam 2: Comparative Economic Development

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Which region in the world has the lowest GNI per capita based on the World Bank Atlas method?

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C

Explain why purchasing power parity measures of income levels tend to show a smaller difference between poor and rich countries.

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PPP measures show the number of units of developing country currency required to purchase a basket of goods and services in the developing country market that costs
one dollar in the U.S.Prices for most services tend to be much cheaper in developing countries than in the U.S.

Which of the following is not an indicator that is used by the World Bank in measuring the levelof economic development?

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What fraction of developing countries have recently experienced some form of significant interethnic conflict?

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In what way does nationalism tend to be a hindering force in attaining modern economic growth and development,and in what way a facilitating force?

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Which of the following is a low-income country?

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What are the three major components of economic growth?

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What are some of the main ways in which the economies of developing countries differ from one another?

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How many people still live on less than the equivalent of $1.25 per day (new definition of "extreme poverty")?

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Explain how low levels of living can turn into a vicious cycle in developing countries.

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An example of an upper-middle income country is

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About how many people lack access to safe water?

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Which of the following is not an upper-middle income country?

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Which of the following African countries has experienced widespread death and destruction due to ethnic or clan based conflict in the previous decade?

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Why might the use of more advanced technology not be a sufficient condition for sustained economic growth?

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Developing countries are starting to converge with developed countries in the long run in what respect?

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Which of the following is not an indicator that is used to compute the Human Development Index?

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What are the three main indicators that make up the Human Development Index?

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The combined GDP of developing countries constitutes approximately

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Explain the lingering effects of colonialism and how it is still playing a role in hindering economic development in the developing world.

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