Is considered a high income country a developing

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Chapter 17 / Exercise 27
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29) ________ is considered a high income country, ________ a developing country, and ________ anewly industrializing country.A) Canada; France; SingaporeB) Japan; Hong Kong; South KoreaC) United States; Somalia; TaiwanD) Honduras; New Zealand; South KoreaAnswer: C
29)
Page Ref: 735/353Learning Outcome: Macro-4: Explain the sources of productivity growth.30) Which of the following countries had the lowest GDP per capita in 2014?
30)
Page Ref: 735/353Learning Outcome: Macro-4: Explain the sources of productivity growth.31) Which of the following countries had the highest GDP per capita in 2014?
Page Ref: 735/353Learning Outcome: Macro-4: Explain the sources of productivity growth.32) High-income countries are also referred to as
Page Ref: 735/353Learning Outcome: Macro-4: Explain the sources of productivity growth.6
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Exploring Microeconomics
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Chapter 17 / Exercise 27
Exploring Microeconomics
Sexton
Expert Verified
33) The small group of East Asian countries that experienced high rates of growth in the 1980s and1990s are referred to asA) countries with low standards of living.B) industrial countries.C) education-deprived countries.D) newly industrializing countries.33)Answer: D
Page Ref: 735/353Learning Outcome: Macro-4: Explain the sources of productivity growth.TRUE/FALSE. WriteʹTʹif the statement is true andʹFʹif the statement is false.34) Small differences in economic growth rates result in small differences in living standards.
Page Ref: 734/352Learning Outcome: Macro-4: Explain the sources of productivity growth.35) An economy that grows too slowly fails to raise living standards.35)
Page Ref: 735/353Learning Outcome: Macro-4: Explain the sources of productivity growth.36) Most of the countries of Africa are considered newly industrializing countries.36)
Page Ref: 735/353Learning Outcome: Macro-4: Explain the sources of productivity growth.37) According to Nobel laureate Douglass North, one reason why the Industrial Revolution occurredin England before many other countries was because the king in England consistently maintainedcontrol over the court system and the government.
Page Ref: 733/351Learning Outcome: Macro-4: Explain the sources of productivity growth.38) Most economic growth in the world occurred between 1,000,000 B.C. and 1300 A.D.
Page Ref: 734/352Learning Outcome: Macro-4: Explain the sources of productivity growth.39) In 2014, South America had a lower average GDP per capita than any other continent.39)
Page Ref: 735/353Learning Outcome: Macro-4: Explain the sources of productivity growth.7

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