ARE RAPID ECONOMIC GROWTH AS MEASURED BY GNI OR PER CAPITA INCOME CONFLICTS WITH A MORE...

ARE RAPID ECONOMIC GROWTH AS MEASURED BY GNI OR PER CAPITA INCOME CONFLICTS WITH A MORE EQUAL DISTRIBUTION OF PERSONAL INCOME OBJECTIVES?

Expert Solution

Rahul Sunny answered 2 years ago

Are rapid economic growth (as measured by ei- ther GNI or per capita GNI) and a...

Are rapid economic growth (as measured by ei- ther GNI or per capita GNI) and a more equal dis- tribution of personal income necessarily conflict- ing objectives? Summarize the arguments both for and against the presumed conflict of objectives, and state and explain your own view. ı need shortly answer and basic sentences please

Is economic growth the cause of global income per capita inequality? Explain this by referring to...

Is economic growth the cause of global income per capita inequality? Explain this by referring to the East Asian Miracle countries as example.

List the 4 stages of economic development including the GNI per capita range for each stage

Suppose that the Gross National Income (GNI) per capita for Benin was about 475,000 West African...

Suppose that the Gross National Income (GNI) per capita for Benin was about 475,000 West African Frank (XOF) in 2020. People in Benin, on average, spend 55% of their income on food. Answer the following questions while considering the exchange rate is 1USD = 600XOF. (Hint: GNI is defined as the total amount of money earned by a nation's people and businesses.) 10. What is the dollar value of annual food and non-food expenditure for an individual in Benin in...

The long-run growth is measured as the increase in real GDP per capita and this measure...

The long-run growth is measured as the increase in real GDP per capita and this measure has changed over time and it also varies across countries. A country’s standard of living depends on its ability to produce goods and services (productivity). How do we measure long-term economic growth of a country? What are the key determinants of long-run economic growth? What is the relationship between economic growth and productivity? What is the major source of growth in labor productivity?

Problem 1: Measures of national income (a) Define (i) GDP (ii) GDP per capita (iii) GNI...

Problem 1: Measures of national income (a) Define (i) GDP (ii) GDP per capita (iii) GNI per capita (b) What are the drawbacks of using GDP per capita as a measure of countries’ wealth? What is left out? (c) Why do we need to adjust GDP per capita for purchasing power when comparing countries?

China has maintained a per capita income growth rate of over 7 percent for more than...

China has maintained a per capita income growth rate of over 7 percent for more than three decades. Explain why this is considered to be very important.

The rate of economic growth per capita in France from 1996 to 2000 was 1.9% per...

The rate of economic growth per capita in France from 1996 to 2000 was 1.9% per year, while in Korea over the same period it was 4.2%. Per capita real GDP was $28,900 in France in 2003, and $12,700 in Korea. Assume the growth rates for each country remain the same. Compute the doubling time for France’s per capita real GDP. Compute the doubling time for Korea’s per capita real GDP. What will France’s per capita real GDP be in...

Suppose that, according to a recent census, the income per capita measured in U.S. dollars was...

Suppose that, according to a recent census, the income per capita measured in U.S. dollars was $42 comma 793 in country A and $46 comma 210 in country B. Assume that income per capita is Normally distributed with a standard deviation equal to 29% of the mean for each country. A random sample of eight people in country A and eight people in country B is selected. a) What is the probability that the mean income of the sample from...

Pick any country in the world. (a) Identify its level of GDP and GNI per capita...

Pick any country in the world. (a) Identify its level of GDP and GNI per capita for 2012. Which is higher? What’s the difference? (b) Pick either GDP or GNI. What has been this country’s average growth rate of this variable for the last 5 years? (Note: this is asking about how much growth happened over the five year period but then you divide by five to find the average annual growth). (c) Calculate what projected GDP/GNI per capita will...

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