6. Which of the following corrections will make India and China look much richer
ID: 1164953 • Letter: 6
Question
6. Which of the following corrections will make India and China look much richer as compared to the United States? a) Measuring their GDP instead of their GNP. b) Adjusting from GDP to GDP per capita. c) Adjusting by purchasing power parity instead of market exchange rates. d) Accounting for differences in life expectancy
7. The Tennessee STAR experiment randomly assigned some children to large and some to small classrooms to gauge the effect of small classrooms on student achievement. Suppose that you found out that parents of children in large classrooms complained to have their children moved, or withdrew them to private schools. What would you be most directly worried about? a) The cost of the experiment. b) The internal validity of the experiment. c) The external validity of the experiment. d) The duration of the experiment.
8. How many steady states are there in the Solow model? a) 0 b) 1 c) 2 d) 3
9. Which of the following happens first in the Demographic Transition? a) Life expectancy rises. b) Fertility falls c) Fertility experiences a “baby boom”. d) The net rate of reproduction falls.
10. What country has the lowest measured education levels? a) Burkina Faso. b) Nepal. c) Mozambique. d) Mali
Explanation / Answer
Answer
6) The correct answer is (a) Measuring their GDP instead of their GNP
GDP = GNP + NFIA(Net factor Income from abroad)
and NFIA for China and India are much more than that of US.
7)
The correct option is (c) The external validity of the experiment
Because there is a huge chances that effects observed while studying to gauge the effect of small classrooms on student achievement are due to external factor(parents of children in large classrooms complained to have their children moved, or withdrew them to private schools).
8) The correct option is b) 1
There is only one steady state which occurs for that k, when
sf(k) = (g + n + d)k
9) The correct option is (c) Fertility experiences a “baby boom
10) the correct option is (a) Burkina Faso.
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