Question 1

The population growth rate in IACs (industrially advanced countries) in 2000-2010 averaged 0.7 percent per year.This compares to what percentage growth per year in low- income DVCs (developing countries)?

Accepted Answer

According to the information given, the population growth rate in IACs was 0.7 percent per year. Therefore, the answer choice that is higher than 0.7 percent per year is the most likely option. Only option B fits this criteria with a growth rate of 2.1 percent per year in low-income DVCs. The other options (A, C, and D) are either too close to the growth rate in IACs or too far below it.

Question 2

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

Accepted Answer

According to data from the World Bank, Pakistan had a population growth rate of 1.93% in 2013-2014, which was higher than any of the other countries listed. The United States and Venezuela both had a population growth rate of 0.77%, and China had a population growth rate of 0.44%.

Question 3

The fertility rates-the number of children per woman's lifetime-in most DVCs (developing countries) are

Accepted Answer

The fertility rates in most developing countries are declining, due to various factors such as better access to education, healthcare, family planning, and economic opportunities for women.

Question 4

Which of the following countries had the highest per capita energy consumption in 2013?

Accepted Answer

The United States had the highest per capita energy consumption in 2013, according to data from the International Energy Agency. India and China, although having large populations, have lower per capita energy consumption due to lower levels of industrialization and development. Japan also has a lower per capita energy consumption compared to the United States.

Question 5

Over the next 15 years, roughly what percentage of the increase in world population will come from DVCs?

Accepted Answer

Over the next 15 years, approximately 90 percent of the increase in world population is expected to come from developing countries (DVCs), reflecting higher birth rates and younger populations in these regions compared to developed countries.

Question 6

Which of the following factors contributes most to the high per capita incomes in developed nations?

Accepted Answer

High rates of economic growth contribute most to the high per capita incomes in developed nations. This results from increased productivity, innovation, and efficiency, leading to higher incomes for individuals and businesses. High rates of population growth, low rates of investment, and low rates of saving can all hinder economic growth and contribute to lower per capita incomes.

Question 7

Assume that the real output of a developing nation increases from $120 billion to $140 billion, while its population expands from 100 to 110 million.As a result, real income per capita has increased by about

Accepted Answer

The answer of Assume that the real output of a...

Question 8

Birth- and population-control efforts in many DVCs (developing countries) face the following obstacles except

Accepted Answer

While birth- and population-control efforts may face challenges due to low literacy rates, religious beliefs, and traditional views about children, government authorities are not typically an obstacle. In fact, government support and action can be crucial in implementing effective population control measures.

Question 9

Which of the following factors contributes to the weak economic growth in DVCs?

Accepted Answer

A decrease in the prices of DVC natural resources would negatively impact the economy as such resources are often a key driver of economic growth in these countries. This is because natural resources make up a large portion of these countries' exports and income. A decrease in international debts or an increase in labor productivity or the rate of saving may contribute positively to economic growth, but none of these options are listed as choices.

Question 10

Assume the total real output of a developing country increases from $8 billion to $8.2 billion, while its population expands from 14 to 15 million people from one year to the next.Over the year, per capita income has

Accepted Answer

The answer of Assume the total real output of a...

Question 11

One major path that leads to growth in both developing nations (DVCs) as well industrially advanced nations (IACs) is that productive resources must be

Accepted Answer

Both developing nations and industrially advanced nations can experience growth by efficiently utilizing their productive resources. This leads to increased output and potentially increased profits, which can then be reinvested back into the economy. The other choices (A, B, and C) may have some impact on growth, but they are not as universally applicable or essential as using resources efficiently.

Question 12

The two paths to economic development, which are the same for both developing countries and industrially advanced economies, are

Accepted Answer

The two paths to economic development are to use existing resources more efficiently and expand the available resources. This involves increasing productivity, investing in infrastructure and education, and promoting innovation and entrepreneurship. Expanding the government sector and redistributing income through excessive taxation and regulation can stifle economic growth and discourage investment. Similarly, increasing the money supply and running budget deficits can lead to inflation and weaken the economy in the long term. Expanding resources and using them effectively is the most sustainable and effective way to achieve economic development.

Question 13

Expanding the supplies of raw materials, capital equipment, effective labor, and technological knowledge will

Accepted Answer

Expanding the supplies of raw materials, capital equipment, effective labor, and technological knowledge will increase the potential output for a nation by shifting outward the production possibilities curve. This will allow a nation to produce more goods and services with the increased quantity and quality of resources available.

Question 14

A developing nation may not experience an increase in the average standard of living even if it increases its output of goods and services because of

Accepted Answer

Population growth can dilute the effects of increased output on the average standard of living by increasing the number of people among whom the output must be distributed.

Question 15

Which of the following is not a characteristic of human resources in the poorest DVCs?

Accepted Answer

Population growth is typically high in the poorest DVCs due to high birth rates and lack of access to family planning resources.

Question 16

Suppose that the average annual rate of population increase in Econland in recent years was about 2 percent.Based on this rate of growth, the population of Econland will double in about

Accepted Answer

to find the number of years it will take for the population to double, we can use the rule of 70. This states that to find the number of years it takes for a certain variable to double, we divide 70 by the growth rate (as a percentage). In this case, 70 divided by 2 equals 35, so it will take approximately 35 years for the population of Econland to double at a 2 percent growth rate.

Question 17

Which of the following countries had the highest population density (population per square km) in 2014?

Accepted Answer

India had the highest population density in 2014 with a population of over 1.2 billion people living in an area of approximately 3.3 million square kilometers, resulting in a population density of about 382 people per square kilometer. The population densities of China, United States and Venezuela were approximately 145, 34, and 36 people per square kilometer respectively.

Question 18

Most developing countries (DVCs) exhibit a low level of

Accepted Answer

Most developing countries exhibit a low level of life expectancy due to factors such as inadequate healthcare, poor nutrition, and higher rates of diseases.

Question 19

One common measure of the "standard of living" in a nation is

Accepted Answer

Per capita real income (or income per person adjusted for inflation) takes into account the average income level of individuals in a nation and provides a better indication of the standard of living compared to other measures such as unemployment rate, real GDP or population size.

Question 20

One of the essential paths to economic growth is

Accepted Answer

Using existing resources more efficiently is a sustainable way to increase economic growth without relying on external factors like population growth or government intervention. It leads to increased productivity and innovation, which can then lead to job creation and higher output. Expanding tax credits for business investment can also help to some extent, but it may not be effective if the underlying resources are not being used efficiently.

Quiz 42: The Economics of Developing Countries

The population growth rate in IACs (industrially advanced countries) in 2000-2010 averaged 0.7 percent per year.This compares to what percentage growth per year in low- income DVCs (developing countries) ?