Sept 22, 2003

Many poor countries lack basic necessities.

Sites to Visit for More Information:

  • World Bank
  • IMF
  • Resources for Economists on the Internet

    • Questions:

    1. What is GDP?
    2. How is GDP measured?
    3. Do changes in GDP accurately record economic growth in the world’s economies?
    4. If “freedom from illness and freedom from illiteracy” were included in the measure of GDP, would this change international comparisons between advanced countries and developing countries?
    5. Do you support the World Bank in its effort to increase aid to developing countries to reach the goal of halving world poverty? Why or why not?

    Chapters: 20

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