In Comparing the Development of Postcolonial Countries,which of the Following

question 30

Multiple Choice

In comparing the development of postcolonial countries,which of the following pairs of factors have shown strong correlation with each other?

• A) political stability and multiculturalism
• B) abundant natural resources and weak economic development
• C) deep ethnic divisions and strong economic growth
• D) presidential systems and robust economic growth

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Definitions:

Hyperinflations

Extremely high and typically accelerating inflation rates, drastically eroding the real value of the local currency.

Real GDP

The market value of all final goods and services produced within a country in a year, adjusted for inflation.

Physical Units

Measurements or quantities of items not based on value or price but on physical count or volume.

Velocity

The rate at which money circulates in an economy, calculated as the ratio of nominal GDP to the money supply.