Economic development refers to ?

Related Mcqs:

According to chapter 2 in the text which of the following is true ?

A. The boundary between rich and poor countries has become clearer in 1990s B. The fastest growing countries must be the ones with the highest per capita GNP C. A few poor countries like South Korea and Malaysia in the 1950s grew much more rapidly than some higher-income countries like Uruguay and New Zealand D. … According to chapter 2 in the text which of the following is true ?Read More...

Which of the following statement is not true about LDCs ?

A. Most LDCs have less than 1/10 the per capita GNP of the U.S B. A greater share of GNP would have to be devoted to education to attain the same primary enrollment rates as in the U.S C. Setting up western labor standard and minimum wages in labor-abundant LDCs is sensible D. Most LDCs … Which of the following statement is not true about LDCs ?Read More...

Imitating labor standards from rich countries in LDCs may increase ?

A. equality B. poverty C. employment D. human development...

The Paasche index uses _________ weights?

A. current-year B. base-year C. fisher-ideal index D. Purchasing Power Parity (PPP)...

The University of Pennsylvania researchers Summers and Heston compute the price level of GDP as the ratio of purchasing power parity (PPP) exchange rate to the actual exchange rate where ?

A. both exchange rates are measured s the domestic currency price of the US-dollar B. both exchange rates are not converted into international dollars C. both exchange rate are pegged D. both exchange rate are converted into Big Mac PPP formula...