d) The process through which the economy decreases the amount of capital per worker, k, is called 'capital deepening . An increase in capital per worker that just keep pace with the expanding labor force and depreciation is 'capital widening' Q1. In the diagram below depicted is the 'Lorenz curve'. How the GINI Coefficient is Q3. What would be the predicted growth rate in the Solow model in the 'steady calculated from those areas (A and B) in the diagram? state"? a) negative b) steady c) zero 45 line d) positive Conation percent of carson Lorenz curve Q4. The concept of sustainable development requires a broad concept of wealth, according to Kenneth Arrow, that concept is defined as a 'comprehensive wealth' consisting of several element, which are: Compltive percent of recipients FIGURE 6-2 Lorenz Curve a) Human capital, natural capital, tangible capital b) Produced capital, natural capital and intangible capital a) A/B c) Social capital, produced capital, economic capital b) B/A d) Financial capital, natural capital, human capital C) A+B/B d) A/A+B Q5. The youth dependency ration is: Q2. Define the 'capital deepening' and 'capital widening'? a) The proportion of youth to the total population. a) The process through which the economy increases the amount of capital per worker, k, is called 'capital deepening'. An increase in capital stock that just keep pace with the expanding b) The proportion of youth to economically active adults. labor force and depreciation is 'capital widening' c) The proportion of youth to economically contributing youth. b) The process through which the economy increases the amount of capital per worker, k, is called 'capital deepening'. An decrease in capital stock that just keep pace with the expanding d) The proportion of youth who depend on their parents. labor force and depreciation is 'capital widening' c) The process through which the economy decreases the amount of capital per worker, k, is called 'capital deepening'. An increase in capital stock that just keep pace with the expanding labor force and depreciation is 'capital widening'Q6. The Demographic Transition is the process: a) by which fertility rate eventually decline to replacement levels. b) by which replacement level eventually decline below fertility rate. c) by which fertility rate eventually decline to mortality rate. d) by which replacement level eventually decline to mortality rate. Q7. One of the Todaro migration model characteristics is: a) The probability of obtaining an urban job is indirectly related to the urban employment rate and thus directly related to the urban unemployment rate. b) The probability of obtaining an urban job is directly related to the urban employment rate and thus inversely related to the rural unemployment rate. c) The probability of obtaining an urban job is directly related to the urban employment rate and thus inversely related to the urban unemployment rate. d) The probability of obtaining an urban job is directly related to the rural employment rate and thus inversely related to the urban unemployment rate. Q8. Perfect property rights are characterized by four conditions: a) Enforceability, Transparency, Exclusivity, Universality. d) Universality, Exclusivity, Transferability, Enforceability. c) Transparency, Enforceability, Acceptance, Exclusivity. d) Impassability, Transparency, Exclusivity, Universality.Q9. The internal brain drain, considered much more serious issue than the external brain drain, is: a) Diverted attention of the highly educated academics in the LDC from the important global problems and goals to rich countries ideas and what by rich countries represents research excellence. b) Diverted attention of the highly educated academics in the DC from the important local problems and goals to rich countries ideas and what by rich countries represents research excellence. c) Diverted attention of the highly educated academics in the LDC from the important local problems and goals to rich countries ideas and what by rich countries represents research excellence. d) Diverted attention of the highly educated academics in the DC from the important local problems and goals to LDC ideas and what represents research excellence. Q10. The nominal rate of tariff protection is calculated using the following formula: a) 2 - - (100) b) 1 = [p -p/p) c) 8 - 1 - Sag d)t = [p-p / p)