Holt 7525-9 S15_IT

___ 21. Which of the following is correct?
a. Japanese workers are more productive than American workers in most types of
manufacturing
b. the manufacturing sector of the economy is much more important than the retail
sector for determining standard of living
c. Japan’s high manufacturing productivity explains why the standard of living is higher
in Japan than in the U.S.
d. All of the above
___ 22. Foreign aid:
a. is intended to enhance economic growth for the aid recipients
b. does not have a good record of enhancing economic growth
c. may amount to subsidizing and strengthening bad governments
d. All of the above
___ 23. “Sweatshops” in foreign countries:
a. often pay extremely low wages by American standards
b. often offer the most attractive jobs available
c. Both of the above
d. Neither of the above
Problems:
1. If Country A has a per capita GDP of $12,000 in 2014 and has a growth rate of 4% over the
next 35 years, what will per capita GDP be for Country A in 2049?
2. List the four obstacles to economic development often faced by LDCs.
3. Explain why a high population growth rate is an obstacle to economic development for LDCs.
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Less Developed Countries 15 - 16