Midterm07 - Econ171/EEP151 Fall2007 AlaindeJanvry Melissa...

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Econ 171/EEP151 Alain de Janvry Fall 2007 Melissa Hidrobo and Lourdes Rodriguez Mid-term Examination (1 hour and 20 minutes. 20% of the final grade) Answers all four parts Part I. Define any 4 of the following 5 concepts. If you use a graph or a formula, make sure that you explain what it contains (7 points each, total of 28 points) (Do not answer more than 4) 1. P 1 indicator of poverty : name and formula with variables defined 2. Gini coefficient : formula and what it measures 3. Demographic transition: graph and explain what it shows. 4. Risk coping instrument: definition and an example 5. ICOR: definition and how it is used in the Harrod-Domar model Part II. True or false, and briefly explain why. Select any 4 of the following 5 statements (8 points each, total of 32 points) (Do not answer more than 4) 6. The Solow model predicts divergence across countries over time. ______ (True/False) 7. Technological change in agriculture is not necessary for industrial growth when there is surplus labor. _______ (True/False)
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Midterm07 - Econ171/EEP151 Fall2007 AlaindeJanvry Melissa...

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