Question

QUESTION1

a. Zambia has a population of about 18,000,000, of which 7,000,000 are economically
active and 5,000,000 are working. What may be the unemployment rate of Zambia?
.
b. Find the population growth rate for Mumbwa which had a 2018 population of 210,000
that grew to 212,000 in 2019.
c. Explain the population development theory as proposed by the Club of Rome.
.
d. Mr Mwiinga would like to know what you are learning in development studies at the
University of Lusaka. Define development and explain to him two main parameters that
development experts use to determine development.
e. Zambia is a young nation seeking to develop itself. List five characteristics of a
developing country and discuss how you may advice to turn each of them to work as a
kickstarter for development.

Answer 1

a. Economically Active Population = 7000000

No. of Employed = 5000000

No. of Unemployed = 2000000

Unemployment Rate = No. Of Unemployed / Total Labor Force

= 2000000/ 7000000 * 100

= 28.57%

b. Population Growth Rate

=[( Population in 2019 - Population in 2018) / Population in 2018 * 100]

=[( 212000 - 210000)/ 210000] * 100

= 0.95%

c. It is a computer-based models of the future development of the worlds population. It takes into account industrialisation, Population growth malnutrition environment and depletion of natural resources. The model suggests that if present growth trends continue the planet would reach the limits to growth in the next 100 years. However this model doesn't take into consideration human dimension, Humans are innovative.

d.Development is a process that creates growth, progress, positive change or the addition of physical, economic, environmental, social and demographic components.Development is a comprehensive term which include increase in real per capita income, improvement in living standard of people, reduction in poverty, illiteracy, crime rate, etc.

Two main parameters are:

Gross Domestic Product (GDP)

GDP is s how much money a country makes from its products over the course of a year, usually converted to US Dollars:

the sum of gross value added by all resident producers in the economy + product taxes - any subsidies not included in the value of the products.

GDP enables policymakers and central banks to judge whether the economy is contracting or expanding, whether it needs a boost or needs to be restrained, and if threats such as a recession or rampant inflation loom on the horizon. Gross domestic product tracks the health of a country's economy. Investors can use GDP to make investments decisions—a bad economy means lower earnings and lower stock price.

Gross National Product (GNP)

GNP is the GDP of a nation together with any money that has been earned by investment abroad minus the income earned by non-nationals within the nation.

GNP gives a sense of how well the country is doing including its nationals abroad. It provides good PR for the country. GDP is the main scoreboard for economic success because it provides the impression (or illusion) of measurability, thereby allowing economists to seem scientific.