Economic Development
One social issue often facing developing countries is
(NOT) reluctance to accept change.
What does the International Monetary Fund (IMF) seek to accomplish for developing countries?
The IMF provides economic advice and loans to developing countries.
In a transitional economy, a _____ economy is changing to a mixed-market economy.
command
Which of these factors is the strongest sign that Country B has a developed economy?
It has a high gross domestic product.
Which factor places this nation in the transitioning category?
It is shifting from a planned to a free-market economy.
GDP of India (2005-2012) 1. According to the graph, what has been taking place within India's economy since 2005? 2. During which years does India's development appear to level off?
1. rapid development 2. 2007-2010
1. The single country with the world's largest GDP is ______ 2. The member countries of the European Union have about the same GDP as _______ 3. Together, these four countries and the European Union have ______ half of the world's total GDP.
1. the US 2. the US 3. more than
Which factor is likely to be of concern in a developed economy in the twenty-first century?
higher unemployment among less-skilled workers
One factor that indicates a developed economy's standard of living is its
(NOT) low GDP per capita.
Aging populations can be a problem for developed countries because
(NOT) most older workers demand top-level pay and full benefits.
One sign of transition to a mixed-market economy is the establishment of
(NOT) state-owned business.
As of 2013, which of these countries had the highest GDP per capita?
(NOT) the United States
The Czech Republic's decision in 2003 to join the European Union indicated that the Czech Republic
(NOT) would give all economic control to the European Union.
GDP of China (1980-2010) 1. China's GDP passed one trillion USD between _______ 2. Between 2005 and 2010, China's GDP increased by approximately $2 trillion✔ $4 trillion$8 trillion _______
1. 1995 and 2000 2. $4 trillion
1. A country has a ________economy when its government holds full control over economic activity. 2. When competition is present within an economy, with limited government intervention, it is considered a _________ economy 3. One sign of transition is the establishment of ________
1. command 2. mixed-market 3. fair labor
The country has a high per-capita GDP, and most people enjoy a high standard of living.
Developed
The country has a lower life expectancy of 52, far below the world average of 70
Developing
The country's population is growing quickly and is expected to double in twenty years.
Developing
In a transitioning economy, what is a downside of rapid economic growth?
Rapid economic growth can be difficult to regulate.
According to this excerpt, what is one major way in which the World Bank differs from a regular bank?
The World Bank aims to improve living standards.
Look for factors that will help you determine what type of economy exists in Country B. Which type of economy does Country B have?
developed
Look for factors that will help you determine what type of economy exists in Country A. Based on the clues in this passage, what type of economy does Country A have?
developing: a low GDP an economy based on agriculture an economy based on a few industries a low standard of living a lack of infrastructure low labor costs
The World Bank: According to the excerpt, what is the organization's primary purpose?
to reduce global poverty and improve the standard of living in developing countries
Look for factors that will help you determine what type of economy exists in Country C. What type of economy does Country C have?
transitioning