Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 1 a) Most development economists seem to agree that the level and rate of growth of GNP and per capita income do not provide

image text in transcribed
Question 1 a) Most development economists seem to agree that the level and rate of growth of GNP and per capita income do not provide sufficient or even accurate measures of country's development. What is the essence of their arguments? Give same examples. (6) b) It is asserted in the literatures that the major determinant of a country's income distribution is its distribution of productive and income - earning assets. Explain the meaning of this stamen, give some example of different kinds of productive and income - earning assets. (8 ) c) What is meant by the statement that many less developing countries are subject to dominance, dependence and vulnerability in their relationship with rich nations? Explain and give some example. Question 2 a) Economic growth is said to be a "necessary but not sufficient condition" to eradicate absolute poverty and reduce inequality. Explain this reasoning (6) b) Outline the major policy options available to the Namibia government to alter and modify the distribution of its national income. Which policy or polices do you believe are essential to reduce poverty and inequality. (10) c) Explain the distinction between low level of living and low per capita incomes. Explain and give some example. (8 ) d) Do you think that there is a relationship between health, labor productivity and income levels? Explain. (6)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Economics A Problem-Solving Approach

Authors: Luke M. Froeb, Brain T. Mccann

2nd Edition

B00BTM8FK0

More Books

Students also viewed these Economics questions