1. Answer the following questions clearly. a. In your opinion, what are the three most serious socioeconomic problems faced by a majority of developing nations in the 21st century? Explain. b. In your opinion, what are the three most serious obstacles to development faced by most developing countries in the 21st century? Explain. c. How does a shift from emphasising economic growth to economic development alter the choice of growth strategy? What sort of strategy may be pursued in each case? Hint: What does development include as an objective that growth does not? Comment on the pros and cons of each strategy. d. The level and growth rate of real GDP per capita can be a misleading indicator of development. At the same time, countries that experience sustained increases in real GDP per capita over time will tend to be more developed. Comment on this statement.