Question

1)

One of the ten features that LDCs tend to have in common with each other

	All of the other answers are correct.
	is adverse geography.
	is that they have less social fractionalization.
	is that they tend to have higher levels of industrialization.

2)

The Solow economic growth model generalizes the Harrod-Domar model by modifying the assumption that relates the changes in capital and the changes in output in terms of a neoclassical production function.:

	True
	False

3) Canada in 2013 had 81.1 years of life expectancy at birth, 12.3 mean years of schooling, 15.1 expected years of schooling and an income per capita (GNI per capita) of $35,369. Its New HDI value would be the following (use the same max and min values as the ones used for the Ghana example discussed in class)

Question 3 options:

	0.9106
	0.9017
	0.9116
	0.9201

4) According to the textbook one of the eight ways in which low-income countries today differ with developed countries in their earlier stages of development is that

Question 4 options:

	they have greater income per capita.
	None of the other answers is correct.
	they have much lower endowments of physical and human resources.
	they are situated in non tropical parts of the globe.

Answer 1

1. The LDC like Bangladesh, Pakistan, Nepal to name a few have some common development feautures. Among them is the very fact that have the least level of development. indicating low GDP,and hence low production possibility. They tend to have poor levels of industrialization which is one attribute of why they are LDCs.So the last option is incorrect. Hence the first option is incorrect as well because all of the answers aren't correct anymore. Next, some LDCs like Afganistan do have adverse geography but that is not common characteristics of LDCs because this can be overcome by proper infrastrustucre and policy. For e.g even though Myanmar is a LDC it does not have the problem of adverse geography. So second option is incorrect.

So the third option is correct. LDC's tend to have very less variation in their ethnicity and ethnolinguisticity. They tend to have very less social stratification meaning that the probability of two selected individuals being of different ethnic/religious background is very less.