Development Economists Suggest That a Key Strategy for the Poorest

question 142

Multiple Choice

Development economists suggest that a key strategy for the poorest DVCs to break out of their poverty is to implement policies that boost their

• A) population growth for a greater labor supply.
• B) output and slow down their population growth.
• C) birth rates to expand their available resources.
• D) mortality rates to slow down their population growth.

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Definitions:

Labor Productivity

A measure of economic performance that calculates the amount of goods and services produced (output) per unit of labor input, reflecting the efficiency of labor use.

Real GDP

Real Gross Domestic Product is the inflation-adjusted value of all goods and services produced by an economy over a specific period, providing a more accurate picture of an economy's size and how it's growing over time.

Employment Growth

The increase in the number of people who are employed in a country or region over a set period.

Real GDP Per Capita

Real GDP per capita measures the economic output of a country adjusted for inflation and divided by the total population, providing an average economic well-being indicator.