REVIEW QUESTIONS 1.docx - 1 Why are values important in...

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1)Why are values important in development economics?
2)If we say that the economy of the Central African Republic is subsistence economy, what would that mean?
3)According to The New Economic View of Development, why economic development is different from economic growth?
4)Explain the meaning of the Purchasing Power Parity exchange rate.
5)Why do we use PPP to compare incomes per capita.
6)Which are the three measures included in the new development index and why the index is a preferred method of measuring development relative to the income per capita?

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