The per capita GDP of Mozambique is less than $100. A Mozambique family of four earning $10,000

Question:

The per capita GDP of Mozambique is less than $100. A Mozambique family of four earning $10,000 per year might fall into the highest quintile (fifth) in that country. Is this family poor?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Basic Economics

ISBN: 978-1111826642

16th edition

Authors: Frank V. Mastrianna

See More Books

Question Posted: Mar 08, 2018 09:55 AM

See More Questions

By manipulating the equations of the Solow model mathematically, it is possible to make more precise quantitative statements about the behavior of growth rates over time. For example, one way of...
What is/are the difference(s) between changes in real GDP and changes in real per capital GDP? How has world real per capita GDP changed over the past two millennia? Compare the per capita growth...
Answer the following questions about real GDP per capita: a. If Country A had 4 times the initial level of real GDP per capita of Country B and it was growing at 1.4 percent a year, while real GDP...
Santa's Helpers Ltd estimates its income taxes at 35% of pre-tax income. For the quarter ended September 30, pre-tax income was $200,000. Prepare the journal entry to record the estimated income...
Write the Fischer projection of the open-chain form of each of the following:
Break the class into small groups of three to five students. Have students read the discussion questions and discuss their answers within their groups. Students should be prepared to provide...
Suppose $U(x)$ is a utility function with Arrow-Pratt risk aversion coefficient $a(x)$. Let $V(x)=c+b U(x)$. What is the risk aversion coefficient of $V$ ?
Determine the reactions at supports A and B. Units Used: kip = 103 lb Given: w1 = 500lb/ft w2 = 700lb/ft a = 6 ft b = 8 ft c = 9 ft d = 6 ft w2
You intend to purchase Dorchester common stock at $52.00 per share, hold it for 1 year, and then sell it after a dividend of $6.25 is paid. How much will the stock price have to appreciate for you to...
Eastern Semiconductor is currently selling its most popular microchip for $220. It has been selling 4,000 of these chips per month. The company has learned, however, that next month an overseas...
Given the investment returns from education, is it logical to believe that everyone is better off by completing a college degree?
What causes the great disparity of income among various nations of the world?
Draw the structure of the cyclic compound that is produced when acetone is treated with 1,3 propanedithiol in the presence of an acid catalyst. SH 1,3-propanedithiol HS Acetone
Using the dimensional analysis skills you practiced in earlier questions, make the calculation BELOW: A Give your answer to 2 places behind the decimal, and if you have no place holder in front of...
Of the imaging methods we studied, the two safest, in the form of energy used, are: (A) Nuclear, X-ray (B) MRI, US D Nuclear, ultrasound CAT scan, ultrasound
3. Derive an expression and calculate the respective values for the first and second cosmic velocities, given as a) The minimal velocity required to reach a stable orbit around earth. (1P) b) The...
A) If two electrons are each 1.9010-10 m from a proton, as shown in the figure, find the magnitude of the net electrical force they will exert on the proton. B) Find the direction of the net...
A 130 kg astronaut including equipment connects a safety line of length 22m to herself to a 2800 kg spacecraft. She pushes against the craft and moves away at constant velocity of 9.00 m/s. how long...
Trace or copy the graph of the given function f. (Assume that the axes have equal scales.) Then use the method of Example 1 to sketch the graph of f below it. y.
What are the principal alloying elements in SAE 4340 steel?
Suppose that the European Commission asked you to develop a brief on behalf of subsidizing European software developmentbearing in mind that the software industry is currently dominated by U.S....
What is the main critique against the WTO with respect to environmental protection? How does the WTO justify its position on trade disputes that involve environmental issues?
France, in addition to its occasional stabs at strategic trade policy, pursues an active nationalist cultural policy that promotes French art, music, fashion, cuisine, and so on. This may be...
How do you prioritize features and attributes when designing a new product or service? What steps should be taken to ensure that the design process aligns with the organization's overall strategy and...
Information that does not have an adjustment reason code to route payments into the correct bank accounts to relay about patient benefit coverage to indicate the amount being paid and the date of...
Superior Company provided the following data for the year ended December 31 (all raw materials are used in production as direct materials): Selling expenses Purchases of raw materials Direct labor...

The per capita GDP of Mozambique is less than $100. A Mozambique family of four earning $10,000

Question:

Step by Step Answer:

Whether or not this family is poor depends upon the standard used to define poverty If ...View the full answer

Basic Economics

Students also viewed these Economics questions