Discuss the problem of population in developing nations using the rule of 70.
What will be an ideal response?
The rule of “70” can be used to indicate the nature of the problem. Industrially advanced nations experience annual population growth rates of about 0.7% versus about 2% for developing nations. If these growth rates are sustained over a period of time, the population of IAC will double in about 100 years (70/.7), but in only 35 years for DVC (70/2). This population growth problem contributes to a widening per capital income gap between IAC and DVC and places increasing demands on the economy.
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Even though prices may change frequently, they can be expected to gravitate toward equilibrium.
Answer the following statement true (T) or false (F)
Which of the following statements is true?
A) Correlation can only arise when causation is not present. B) Causation can only arise when correlation is not present. C) Causation arises when there is correlation between two variables, and can also arise even when there is no correlation. D) Correlation arises when there is causation and can also arise even when there is no causation.
If the relationship between the monetary aggregate and the goal variable is weak, then
A) monetary aggregate targeting is superior to exchange-rate targeting. B) monetary aggregate targeting is superior to inflation targeting. C) inflation targeting is superior to exchange-rate targeting. D) monetary aggregate targeting will not work.
Protectionism may fail to reduce a current account deficit because it
a. depreciates the dollar. b. invites retaliation, which hurts exports. c. encourages exports. d. does not reduce imports.