Population (in millions) GDP Per GDP = Population x Per Capita GDP (in millions) Сapita East Asia and Pacific 2,006 $5,536 $10,450,032 South Asia 1,671 $1,482 $2,288,812 Sub-Saharan Africa 936.1 $1,657 $1,287,650 Latin America and 588 $9,536 $5,339,390 Caribbean Middle East and North 345.4 $3,456 $1,541,900 Africa Europe and Central 272.2 $7,118 $1,862,384 Asia
Using the data in Table , rank the seven regions of the world according to
2. What are the drawbacks to analyzing the global economy on a regional basis?
3. Create a table that identifies the
4. Use the data in the text to contrast the policy prescriptions of the high-income, middle-income, and low-income countries.
5. What are the different policy tools for dealing with cyclical
6. Explain how the natural rate of unemployment may be higher in low-income countries.
7. How does indexing wage contracts to inflation help workers?
8. Use the AD/AS model to show how increases in government spending can lead to more inflation.
9. Show, using the AD/AS model, how governments can use
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