Encarnacion, Janell Mae L.

Activity 4

BSA 2 ECONDEV

Fill-in questions

1. Industrially advanced, Higher, Increase

2. Higher, Higher, Higher, Higher, Higher

3. Less, Higher

4. a. Over, Higher, Decrease

b. Unemployment, Underemployment

c. Low, Human capital, Brain drain

5. Labor productivity, Supply of, Output

6. a. Low, Few, Weak, Capital flight

b. Public, Private

c. Industry

7. a. Skilled, Scarce, Abundant, Capital

b. Unskilled, Abundant, Scarce, Labor

8. Sociocultural, Institutional

9. Low, Low, Low

10. Decreasing, Increasing, Increasing

11. Private, World Bank, 180, first, technical

12. Open, Encourage, Control, Lower, Discourage, Low-income

13. Less, Less, More, More, More

14. Lorenz

a. Income

b. Lower, Upper

c. Lorenz Curve

15. Efficiency, Smaller, Greater

16. Maximize

Problem Solving

1. a. $7,500

b. $8,400; $525; Widen; $7,875

2. a. Year Food Supply Population

0 200 20
10 400 40
20 600 80
30 800 160
40 1000 320
50 1200 640
60 1400 1280
b. Food Supply amounted to 800 is enough for the 160 population of the country for
that year.

c. Food Supply Shortage

d. Standard of living doesn’t increase because of more growing population which

means that more people need food supply.

3. 13.09 years

4. 16.82 years
5. 20.93 years

6. 9.59 %

7. Bonus

8. a. 0.85 High HDI (60-20 / 85-20)

b. 0.8 (12-0 / 15-0)

c. 0.68 Medium HDI (10-0 / 18-0) = 0.56 + 0.8 = 1.36/2 = 0.68

d. 0.63 Medium HDI [(In (6500) – In (100) / ((In (75,000) – In (100)] = 0.63

e. 0.63 Medium HDI [(In (6500) – In (100) / ((In (75,000) – In (100)] = 0.63

f. 0.71 High HDI (0.85^1/3 x 0.68^1/3 x 0.63^1/3) = 0.71

9. Bonus

10. a. 15.99

b. 86.62 % appreciate