DEV

• he maintains that there are many possible measures of a country’s degree of development, income per head, the percentage of resources unexploited, capital per head, saving per head and amount of social capital.

  R.G. Lipsey
• commonly used criteria of economic development are:

  increase in national income, per capita real income, comparative concept, standard of living and economic welfare of the community
• Economic growths of less developed nations are measured by:

  comparing their gross national products (GNP) or per capita incomes (PCI)
• Economic Development is not purely an economic process.


  True
• There are a few countries which have attained high growth rate in their GNP. But still most of their peoples live in extreme poverty, disease, and squalor.

  false
• National income accounting in less developed countries is understated.


  True
• 5 shortcoming of gnp/pci:

  Distributional Inequality, Environmental Degradation, Quality of Life and Well-being, Ignoring Unpaid Work, Ignoring Shadow Economy
• Despite the limitations of the conventional methods of measuring the economic growth, they have to be used since there is perfect system of measurememnt has been designed.

  false
• what is the gnp of a certain country in 2022 and in 2023?


  US100 billion in 2022 and US150 billon in 2023
• there is an increase of what in fruits of economic growth?

  50%
• Based on World Bank Annual report, who were the top wage earners?

  people of switzerland
• Based on World Bank Annual report, the people of Switzerland were the top wage earners. They earned $30,510.00 a year compared with the $22,560.00 for U.S. residents.

  false
• The United States ranked No. 10 in per capita earnings.

  true
• top 10 country wage earners:

  switzerland, luxembourg, japan, sweden, finland, norway, denmark, west germany, iceland, united states
• how much is the pci of japan?

  US45, 118.00
• how much is the pci of switzerland?

  US19,971.00
• how much is the pci of denmark?

  US19,405.00
• how much is the pci france?

  US17,650.00
• how much is the pci west germany?

  US17,042.00
• how much is the pci austria?

  US16,369.00
• how much is the pci norway?

  US15,196.00
• how much is the pci belgium?

  US15,111.00
• how much is the pci singapore?

  US14,492.00
• how much is the pci netherlands?

  US14,282.00
• what is the largest cityn brazil?

  sao paolo
• is sao paolo congestion and pollution?

  yes
• Largest and fastest growing sprawl in the Western Hemisphere. It is Brazil’s industrial powerhouse.

  sao paolo
• sao paolo is the smallest industrial complex in South America and one of the smallest concentration of multinationals among the third world countries.

  false
• Sao Paolo pays half of Brazil’s tax revenues. It contributes to two-thirds of manufactured exports.


  true
• the opulenceof sao paolo

  largest shopping malls in south america, the trendiest boutiques in brazil, and the best eateries in southern hemisphere are located
• who are the richest people in latin america?

  paulistas
• how much is the pci of paulistas?

  US4,000.00, twice more the pci of an average brazilian
• The tremendous economic growth of Sao Paolo has not improved the social and economic conditions of the masses. The rich, became richer, and the poor barely exist

  true
• Only 10% percent of the residents of Sao Paolo have access to the sewage system.

  false
• sao paolo is overpopulated with 9 million people, and another 8 million in the suburbs.

  true
• what is the darkest side of sao paolo?

  favelas
• These are the squatters’ slums located in the periphery of the city.

  favelas
• Extreme poverty in the rural of Brazil have forced the poeple to move to the city and gamble their future.


  true
• To contain the great influx of rural people, paulistas have tried to encourage business firms to set up their shops in the rural areas.

  false
• the GNP or the PCI is not an accurate yard-stick of economic growth.

  true