Jul 11, 2014 · Which of the following statements about developing countries is true? a. They are highly industrialized. b. They have high-average per capita income. c. They include the United States, Germany, and Japan. d. They are classified as low-income. e. They have 95% of the world's wealth and income.
Which of the following statements about developing countries is true? a. They are highly industrialized. b. They have high average GNPs per person. c. They include the United States, Germany, and Japan. * d. They have about 15% of the world's wealth and income. e. They have about 85% of the world’s wealth and income.
May 08, 2015 · Question 3 5 out of 5 points Correct Which of the following statements about defining "developing" countries is true? Choose the BEST answer. Answer Selected Answer: The World Bank, the IMF, and the UN each has its own, different criteria regarding what makes a country "developing." Correct Answer: The World Bank, the IMF, and the UN each has its own, …
Oct 02, 2014 · Answer Selected Answer: Correct Answer: Answer Selected Answer : Correct Answer : SOC 300–Sociology of Developing Countries Week 5 Midterm 1 The World Bank, the IMF, and the UN each has its own, different criteria regarding what makes a country "developing."
Positive economics is analysis that generates objective descriptions or predictions about the world that can be verified with data. It is analysis that describes what people actually do. "A 5% fall in the unemployment rate will lead to a 2% increase in the inflation rate" is an example of a positive economic statement.
On the other hand, macroeconomics is the study of the economy as a whole. The scope of macroeconomics extends to the study of economy-wide phenomena, like the growth rate of an economy, the nation-wide unemployment rate, or the inflation rate. Robert and Janet are discussing unemployment and inflation in their country.