90%(10)9 out of 10 people found this document helpful
This preview shows page 1 - 3 out of 5 pages.
ECS 3013Professor: Sharmila VishwasraoList of Questions for Test 1.(For all theories you should know, main assumptions, basic structure, major conclusions, policy recommendations and criticisms)1.Define economic development.2.What are the limitations of using GNI growth as a measure of development?3.What is PPP GNI? Does it improve on traditional methods of income comparison across countries?4.What are the main characteristics of developing countries? (Know therelationships between income and literacy, health, poverty etc)