(21) Per capita GDP is the level of productivity divided by the level of investm
ID: 1140200 • Letter: #
Question
(21) Per capita GDP is the level of productivity divided by the level of investment. spending divided by the level of investment. output divided by the population. output divided by the level of prices.
(22) Policies that can break the cycle of poverty include investing in foreign technology and providing incentives for saving. providing basic health care and increasing birth rates. increasing wages and output. increasing imports and maintaining political stability.
(23) Promoting industrialization over agriculture might fail to help an emerging economy grow because the economy may have a comparative advantage in agriculture. workers may be unwilling to work in factories. the prices of industrial inputs may be high. there may be too few workers to operate factories efficiently.
(24) Thomas Malthus, the nineteenth century British economist, predicted that changes in technology would eventually eliminate hunger. food production could never keep up with population growth. reductions in birth rates would increase standards of living throughout the world. under certain circumstances, large populations can be engines of growth.
(25) Which of the following is not a source of funds for investment in emerging economies? The World Bank A trade surplus The International Monetary Fund Household savings
Explanation / Answer
Ans
1 output of goods and services/population
2 increasing wages and output
3 A is right. It should then focus more on agriculture
4 B is right. Population increase in geometric ratio but food in arithmetic ratio according to him
5 Trade surplus. They hardly have trade surplus
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