Principles of Economics 2e
2nd Edition
ISBN: 9781947172364
Author: Steven A. Greenlaw; David Shapiro
Publisher: OpenStax
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Textbook Question
Chapter 32, Problem 30P
Retrieve the following data from The World Bank database (http //databank.worldbank. org/data/ home.aspx) for India, Spain, and South Africa for the most recent year available:
•
• Population
• GOP per person in constant international dollars
• Mortality rate, infant (per 1,000 live births)
• Health expenditure per capita (current U.S. dollars)
• Life expectancy at birth, total (years)
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Explain how the absolute per capita income gap between rich and poor nations might increase, even though per capita income (or output) is growing faster in DVCs than in IACs.
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According to the 2018 Foreign Aid table below:
Percentage of Donor
Total Income
Country
Total Aid ($ billions)
Ints
United States
$34
0.17%
United Kingdom
19
0.70
Germany
25
0.61
France
12
0.43
Japan
14
0.28
Sweden
6
1.04
Canada
0.28
Italy
5
0.19
Australia
3
0.23
24-Nation Total
$153
0.31%
Source: OECD (2018 data).
Instructions: Enter your responses as a whole number.
a. How much foreign aid did the United States provide in 2018?
24
34
billion
b. How much more aid is required to satisfy the UN's Millennium Aid Goal if U.S.
GDP was $20 trillion? (Hint The UN's Millennium Aid Goal is to raise foreign aid levels to
0.7 percent of donor-country GDP.)
24
20
billion
Chapter 32 Solutions
Principles of Economics 2e
Ch. 32 - Using the data in Table 32.3, rank the seven...Ch. 32 - What are the drawbacks to analyzing the global...Ch. 32 - Create a table that identifies the macroeconomic...Ch. 32 - Use the data in the text to contrast the policy...Ch. 32 - What are the different policy tools for dealing...Ch. 32 - Explain how the natural rate of unemployment may...Ch. 32 - How does indexing wage contracts to inflation help...Ch. 32 - Use the AD/AS model to show how increases in...Ch. 32 - Show, using the AD/AS model, how governments can...Ch. 32 - What do international flows of capital have to do...
Ch. 32 - Use the demand-and-supply of foreign currency...Ch. 32 - What is the primary way which economists measure...Ch. 32 - What are some of the other ways of comparing the...Ch. 32 - What are the four other factors that determine the...Ch. 32 - What other factors, aside from labor productivity,...Ch. 32 - What strategies did the East Asian Tigers employ...Ch. 32 - What are the two types of unemployment problems?Ch. 32 - In low-income countries, does it make sense to...Ch. 32 - Is inflation likely to be a severe problem for at...Ch. 32 - Is inflation likely to be a problem for at least...Ch. 32 - What are the major issues with regard to trade...Ch. 32 - What are the major issues with regard to trade...Ch. 32 - Demography can have important economic effects....Ch. 32 - Explain why is it difficult to set aside funds for...Ch. 32 - Why do you think it is difficult for high-income...Ch. 32 - Is it possible to protect workers from losing...Ch. 32 - Explain what will happen in a nation that tries to...Ch. 32 - Why are inflationary dangers lower in the...Ch. 32 - Explain why converging economies may present a...Ch. 32 - Retrieve the following data from The World Bank...Ch. 32 - Prepare a chart that compares India, Spain, and...Ch. 32 - Use the Rule of 72 to estimate how long it will...Ch. 32 - Using the research skills you have acquired,...Ch. 32 - Retrieve the unemployment data from The World Bank...Ch. 32 - Retrieve inflation data from The World Bank data...
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