The Categorization of countries by World Bank.

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Answer 1

Question

Chapter 42, Problem 1DQ

To determine

The Categorization of countries by World Bank.

Expert Solution & Answer

Explanation of Solution

The World Bank is the International Financial Institution which provides loans for all the countries in order to bridge their capital needs with the investment and programs. All the countries of the world are categorized into four categories or groups by the World Bank on the basis of the GNI per capita of the country. They are the following:

Low-income Economies: It is the group of countries whose GNI per capita is less than $1,005. The examples for the low-income economies are Senegal and Liberia.

Lower middle- income Economies: It is the group of countries which has the GNI per capita income between $1,006 and $3,955. The examples for the Lower-middle income group of economies are India and Indonesia.

Upper middle- income Economies: It is the group of countries which has the GNI per capita income between the $3,956 and $12,235. The examples for the upper middle- income group economies are the Croatia and Samoa.

High- income Economies: They are the countries that have their GNI per capita income $12,235 or more. The best examples for the High –income economies are Germany and Czech Republic.

Economics Concept Introduction

Concept introduction:

World Bank: It is the International Bank that provides long term loans for the World countries for their capital needs and programs.

Gross national Income (GNI): It is the total national income of the country which includes domestically earned income as well as the income earned by the residents outside the countries. It can be calculated by adding the Gross domestic product with the net factor income from abroad.

GNI per capita: It is the Gross National Income divided by the total population of the country. Thus it is the GNI per head.

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Students have asked these similar questions

Assume that a very tiny and very poor DVC has income per capita of $300 and total national income of $3 million. How large is its population? If its population grows by 2 percent in some year while its total income grows by 3 percent, what will be its new income per capita rounded to full dollars? If the population had not grown during the year, what would have been its income per capita?

Assume that a very tiny and very poor DVC has income per capita of $300 and total national income of $3 million. Instructions: Round your answers to the nearest whole number. a. How large Is its population? 10000 b. If Its population grows by 2 percent in some year while its total income grows by 4 percent, what will be its new Income per capita rounded to full dollars? c. If the population had not grown during the year, what would have been its income per capita?

Select one or more: O a. If Country C's GDP per capita rises from $2,500 to 7,500, and Country D's GDP per capita rises from $6,000 to 18,000, the ratio of GDP per capita between the two countries is unchanged. O b. If a country's GDP doubles every 50 years on a ratio scale graph against time it will rise at an increasing rate. O c. Country B is growing a higher percentage rate than Country A, but Country A is 5 times richer than Country B. On a linear scale graph against time the gap between the two lines must be narrowing. O d. Country E is growing at the same percentage rate as Country F, but Country E is 3 times richer than Country F. On a log scale graph against time the gap between the two lines will be constant.

Answer 2

Question

Chapter 42, Problem 1DQ

To determine

The Categorization of countries by World Bank.

Expert Solution & Answer

Explanation of Solution

The World Bank is the International Financial Institution which provides loans for all the countries in order to bridge their capital needs with the investment and programs. All the countries of the world are categorized into four categories or groups by the World Bank on the basis of the GNI per capita of the country. They are the following:

Low-income Economies: It is the group of countries whose GNI per capita is less than $1,005. The examples for the low-income economies are Senegal and Liberia.

Lower middle- income Economies: It is the group of countries which has the GNI per capita income between $1,006 and $3,955. The examples for the Lower-middle income group of economies are India and Indonesia.

Upper middle- income Economies: It is the group of countries which has the GNI per capita income between the $3,956 and $12,235. The examples for the upper middle- income group economies are the Croatia and Samoa.

High- income Economies: They are the countries that have their GNI per capita income $12,235 or more. The best examples for the High –income economies are Germany and Czech Republic.

Economics Concept Introduction

Concept introduction:

World Bank: It is the International Bank that provides long term loans for the World countries for their capital needs and programs.

Gross national Income (GNI): It is the total national income of the country which includes domestically earned income as well as the income earned by the residents outside the countries. It can be calculated by adding the Gross domestic product with the net factor income from abroad.

GNI per capita: It is the Gross National Income divided by the total population of the country. Thus it is the GNI per head.

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Answer 3

Question

Chapter 42, Problem 1DQ

To determine

The Categorization of countries by World Bank.

Expert Solution & Answer

Explanation of Solution

The World Bank is the International Financial Institution which provides loans for all the countries in order to bridge their capital needs with the investment and programs. All the countries of the world are categorized into four categories or groups by the World Bank on the basis of the GNI per capita of the country. They are the following:

Low-income Economies: It is the group of countries whose GNI per capita is less than $1,005. The examples for the low-income economies are Senegal and Liberia.

Lower middle- income Economies: It is the group of countries which has the GNI per capita income between $1,006 and $3,955. The examples for the Lower-middle income group of economies are India and Indonesia.

Upper middle- income Economies: It is the group of countries which has the GNI per capita income between the $3,956 and $12,235. The examples for the upper middle- income group economies are the Croatia and Samoa.

High- income Economies: They are the countries that have their GNI per capita income $12,235 or more. The best examples for the High –income economies are Germany and Czech Republic.

Economics Concept Introduction

Concept introduction:

World Bank: It is the International Bank that provides long term loans for the World countries for their capital needs and programs.

Gross national Income (GNI): It is the total national income of the country which includes domestically earned income as well as the income earned by the residents outside the countries. It can be calculated by adding the Gross domestic product with the net factor income from abroad.

GNI per capita: It is the Gross National Income divided by the total population of the country. Thus it is the GNI per head.

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Answer 4

Question

Chapter 42, Problem 1DQ

To determine

The Categorization of countries by World Bank.

Expert Solution & Answer

Explanation of Solution

The World Bank is the International Financial Institution which provides loans for all the countries in order to bridge their capital needs with the investment and programs. All the countries of the world are categorized into four categories or groups by the World Bank on the basis of the GNI per capita of the country. They are the following:

Low-income Economies: It is the group of countries whose GNI per capita is less than $1,005. The examples for the low-income economies are Senegal and Liberia.

Lower middle- income Economies: It is the group of countries which has the GNI per capita income between $1,006 and $3,955. The examples for the Lower-middle income group of economies are India and Indonesia.

Upper middle- income Economies: It is the group of countries which has the GNI per capita income between the $3,956 and $12,235. The examples for the upper middle- income group economies are the Croatia and Samoa.

High- income Economies: They are the countries that have their GNI per capita income $12,235 or more. The best examples for the High –income economies are Germany and Czech Republic.

Economics Concept Introduction

Concept introduction:

World Bank: It is the International Bank that provides long term loans for the World countries for their capital needs and programs.

Gross national Income (GNI): It is the total national income of the country which includes domestically earned income as well as the income earned by the residents outside the countries. It can be calculated by adding the Gross domestic product with the net factor income from abroad.

GNI per capita: It is the Gross National Income divided by the total population of the country. Thus it is the GNI per head.

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Answer 5

Chapter 42, Problem 1DQ

To determine

The Categorization of countries by World Bank.

Expert Solution & Answer

Explanation of Solution

The World Bank is the International Financial Institution which provides loans for all the countries in order to bridge their capital needs with the investment and programs. All the countries of the world are categorized into four categories or groups by the World Bank on the basis of the GNI per capita of the country. They are the following:

Low-income Economies: It is the group of countries whose GNI per capita is less than $1,005. The examples for the low-income economies are Senegal and Liberia.

Lower middle- income Economies: It is the group of countries which has the GNI per capita income between $1,006 and $3,955. The examples for the Lower-middle income group of economies are India and Indonesia.

Upper middle- income Economies: It is the group of countries which has the GNI per capita income between the $3,956 and $12,235. The examples for the upper middle- income group economies are the Croatia and Samoa.

High- income Economies: They are the countries that have their GNI per capita income $12,235 or more. The best examples for the High –income economies are Germany and Czech Republic.

Economics Concept Introduction

Concept introduction:

World Bank: It is the International Bank that provides long term loans for the World countries for their capital needs and programs.

Gross national Income (GNI): It is the total national income of the country which includes domestically earned income as well as the income earned by the residents outside the countries. It can be calculated by adding the Gross domestic product with the net factor income from abroad.

GNI per capita: It is the Gross National Income divided by the total population of the country. Thus it is the GNI per head.

Answer 6

Chapter 42, Problem 1DQ

To determine

The Categorization of countries by World Bank.

Expert Solution & Answer

Explanation of Solution

The World Bank is the International Financial Institution which provides loans for all the countries in order to bridge their capital needs with the investment and programs. All the countries of the world are categorized into four categories or groups by the World Bank on the basis of the GNI per capita of the country. They are the following:

Low-income Economies: It is the group of countries whose GNI per capita is less than $1,005. The examples for the low-income economies are Senegal and Liberia.

Lower middle- income Economies: It is the group of countries which has the GNI per capita income between $1,006 and $3,955. The examples for the Lower-middle income group of economies are India and Indonesia.

Upper middle- income Economies: It is the group of countries which has the GNI per capita income between the $3,956 and $12,235. The examples for the upper middle- income group economies are the Croatia and Samoa.

High- income Economies: They are the countries that have their GNI per capita income $12,235 or more. The best examples for the High –income economies are Germany and Czech Republic.

Economics Concept Introduction

Concept introduction:

World Bank: It is the International Bank that provides long term loans for the World countries for their capital needs and programs.

Gross national Income (GNI): It is the total national income of the country which includes domestically earned income as well as the income earned by the residents outside the countries. It can be calculated by adding the Gross domestic product with the net factor income from abroad.

GNI per capita: It is the Gross National Income divided by the total population of the country. Thus it is the GNI per head.

Answer 7

Chapter 42, Problem 1DQ

To determine

The Categorization of countries by World Bank.

Answer 8

Expert Solution & Answer

Explanation of Solution

The World Bank is the International Financial Institution which provides loans for all the countries in order to bridge their capital needs with the investment and programs. All the countries of the world are categorized into four categories or groups by the World Bank on the basis of the GNI per capita of the country. They are the following:

Low-income Economies: It is the group of countries whose GNI per capita is less than $1,005. The examples for the low-income economies are Senegal and Liberia.

Lower middle- income Economies: It is the group of countries which has the GNI per capita income between $1,006 and $3,955. The examples for the Lower-middle income group of economies are India and Indonesia.

Upper middle- income Economies: It is the group of countries which has the GNI per capita income between the $3,956 and $12,235. The examples for the upper middle- income group economies are the Croatia and Samoa.

High- income Economies: They are the countries that have their GNI per capita income $12,235 or more. The best examples for the High –income economies are Germany and Czech Republic.

Answer 9

Expert Solution & Answer

Answer 10

Expert Solution & Answer

Answer 11

Economics Concept Introduction

Concept introduction:

World Bank: It is the International Bank that provides long term loans for the World countries for their capital needs and programs.

Gross national Income (GNI): It is the total national income of the country which includes domestically earned income as well as the income earned by the residents outside the countries. It can be calculated by adding the Gross domestic product with the net factor income from abroad.

GNI per capita: It is the Gross National Income divided by the total population of the country. Thus it is the GNI per head.

Answer 12

Ch. 42 - Prob. 1DQ Ch. 42 - Prob. 2DQ Ch. 42 - Prob. 3DQ Ch. 42 - Prob. 4DQ Ch. 42 - Prob. 5DQ Ch. 42 - Prob. 6DQ Ch. 42 - Prob. 7DQ Ch. 42 - Prob. 8DQ Ch. 42 - Prob. 9DQ Ch. 42 - Prob. 10DQ

The Categorization of countries by World Bank.

The Categorization of countries by World Bank.

Explanation of Solution

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