What is the average annual rate of population change in low income households
between ?
Ans- 2.50
What is the average annual rate of population change in high income households
between ?
Ans- 0.47
Some factors that distinguish a 'typical' developing country
Ans- Lower levels of income and ...
What is the average annual rate of population change in low income households
between 2015- 2020?
Ans- 2.50
What is the average annual rate of population change in high income households
between 2015- 2020?
Ans- 0.47
Some factors that distinguish a 'typical' developing country
Ans- Lower levels of income and productivity, human capital, inequality and
greater fractionalisation
,What are the traditional economic measures (with definition)?
Ans- GPD- the measure of the value of goods and services in a given period
and GNI- the total amount of money earned by a nations people and business.
What is the Atlas method and why is it used?
Ans- a three- year moving average of exchange rates adjusted for
differences in inflation.
Why would they not just use an exchange rate?
Ans- Run into problems especially with smaller countries- as they haver same
economy so currency tends to be very unstable.
Exchange rates might be manipulated as well- might get political elites who set
the exchange rate.
What other method can they use for their means of exchange?
Ans- Purchasing power parity method: accounts for non- traceable good and
differences in the cost of living between countries.
, What is Purchasing Power Parity?
Ans- The number of units of a foreign country's currency required tp
purchase the identical quantity of goods and services in the local market as $1
would buy in the US- accounts for non-tradeables as well
What is Amartya Sen's "Capability" Approach
Ans- The idea you can decide if someone is poor or not poor on their
capability to function. What are person is or what they can be.
What should individuals be focusing on according to Sen?
Ans- Functionings and capabilities
What is the UN Human Development
Ans- Dimension index for H, E or I = Actual value- Minimum/ Maximum-
Minimum or HDI= H1/3 E1/3I 1/3
What is the growth rate in discrete time defined as?
Ans- g= Yt-1 - Yt/ Yt. or Yt+1= Yt(1+g)
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