1. in the lewis model, how are the real wage rates determined in the modern sector ?...
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1. in the lewis model, how are the real wage rates determined in the modern sector ?
4 . Describe four stages of demographic transition in a typical LDC and compare them with the stages of demographic transition in Western Europe
•Stage I: Birth rate constant over time and higher than death rate, which fluctuates.
•Stage II:Birth rate constant over time and higher than death rate, which starts to decline.
•Stage III:Birth rate starts to decline, but stays higher than death rate, which keeps declining for some countries and stabilizes for the rest of the LDCs.
•Stage IV:Never reached. All LDC death rates are stable and lower than birth rate.
Stage I and State IV are totally different
how them different between LDC and Western.??
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