Assume that the real income of developing Island increases from $120,000 to $160,000 from 2005 to 2006 while its population expands from 1000 to 1100 during the same period Real income per capita has increased by about ?

A dual economy is distinguished from other economies by having ?

A. an industrial sector and a manufacturing sector

B. a traditional agricultural sector and a modern industrial sector

C. state owner ship of the means of production

D. an industrial sector that concentrates on manufacturing and construction

Dual economies are countries ?

A. with double capital and labor/

B. with a modern manufacturing sector as well as traditional agriculture sector

C. that specialize in labor intensive products more than capital intensive products

D. with foreign owned and domestically owned capital

What is the ratio of population density of developing countries to the population of developed countries ?

A. 10

B. 2

C. no more than 1

D. 20

In low-income countries the average agricultural family produces a surplus ?

A. enough to supply only a small nonagricultural population

B. of zero

C. large enough of feed five other families

D. large enough to feed 25 other families

Which one of the following countries is not a high-income country ?

A. Germany

B. United Kingdom

C. Canada

D. Mexico