Recent orders
Economic Development In Countries
Economic Development In Countries
Introduction
Economic growth of a country is associated with the rising of income, savings, investments and consumption among others. It should however be noted that not all the developed countries have characteristics that are measured equally. For instance the rate of crime in rural areas in developed countries is low as compared to urban centers.
This paper aims at evaluating the economic growth of countries such as Bangladesh, Zimbabwe and Egypt.
Economic Development in Zimbabwe
The economic structure of Zimbabwe comprise of a great potential. Before independence, the country had placed a lot of emphasis on the mining industry hence being among the best in Africa. Mining of minerals such as nickel, gold, copper and ferrochromite led to the 4.9 billion dollars Gross Domestic Product. The rest of the country’s GDP is obtained from the agricultural sector which is produced at what is referred to as subsistence levels in the population. The country carries out trade with several partners with the partners not garnering more than fifteen percent of the export or import goods (Novelguide, p1).
First, we need to write the saving rate of the country which is showm nelow
2000 2001 2002 2003 2004
14 10 5 2 7
Using the Harrod-Domar model, the GDP rate of growth for the year 2000 -2005 having in mind that v=3, is presented below.
2000 2001 2002 2003 2004
4.67 3.33 1.67 0.67 2.33
When we compare this data with actual growth rates for those years, the following is obtained.
2000 2001 2002 2003 2004
Actual rates -6.1 -6.5 -12.1 -13.6 -8.2
Forecasted rates 4.67 3.33 1.67 0.67 2.33
The Harrod Domar model is used in poor countries such as Zimbabwe to help in determination of the necessary investment rate for the targeted rate of growth. It has however failed to characterize the economic growth in this country. This is as a result of endernic corruption and mismanagement which has led to the destruction of the country.
Economic Development in Bangladesh
Even after the country’s major setbacks during the time of liberation war as well as slowdown in the growth afterwards, the country’s economy has been able to accelerate since 1980 to date. The industries had an increase in growth level from 8.2% in the financial year 2011 to 9.5%. Power and construction industries had better performances as well as the manufacturing industries.
2000 2001 2002 2003 2004
23 23 23 23 24
(Index mundi. 2013),
Using the Harrod-Domar model, the GDP rate of growth for the year 2000 -2005 having in mind that v=3, is presented below.
2000 2001 2002 2003 2004
7.67 7.67 7.67 7.67 8
When we compare this data with actual growth rates for those years, the following is obtained.
2000 2001 2002 2003 2004
Actual rates 5.3 5.6 4.4 5.3 4.9
Forecasted rates 7.67 7.67 7.67 7.67 8
The Harod Domar Growth model has failed to determine the economic growth of the country. It suggests that the growth in economic rate is dependent on level of savings and investment productivity does not apply in this case because the income is low and therefore it is not easy to stimulate the LCD. On the other hand, the savings are not sufficient hence there will be a gap in between.
Economic Development in Egypt.
Egypt has a continued political transition since the 2011 revolution. This has led to a weak economic growth with a very high fiscal deficit as well as gross public debt both internal and external which has increased almost to 100% GDP towards the end of June this year. This low rate of growth is a great danger in the process of mounting social frustrations as the country is not able to offer the required jobs as well as opportunities. Most of the young people are unemployed. (World Bank, p1).
2000 2001 2002 2003 2004
20 18 18 19 21
Using the Harrod-Domar model, the GDP rate of growth for the year 2000 -2005 having in mind that v=3 (Index mundi. 2013), is presented below.
2000 2001 2002 2003 2004
6.67 6 6 6.33 7
When we compare this data with actual growth rates for those years, the following is obtained.
2000 2001 2002 2003 2004
Actual rates 5 2.5 1.7 3.1 4.5
Forecasted rates 6.67 6 6 6.33 7
The Harrod Domar model has again failed in determining the economic growth of the country.The country is not able to improve the living standards of the people due to social , economic and political institutions together with the perceptions of the present, past and future instead of working with the personal talents and efforts.
Conclusion
The paper has tackled the economic development in countries like Egypt, Bangladesh and Zimbabwe. It is evident that Zimbabwe is a country that is going down at a very fast rate yet there are very many resources. The Harrod Domar equation is not applicable in the three countries.
Work Cited.
Domar, D. (1946), “Capital Expansion, Rate of Growth and Employment,” Econometrica, Vol. 14.
Index mundi. (2013). “Historical data graphs per year”. Retrieved on 4th Oct 2013 from http://www.indexmundi.com/g/g.aspx?v=66&c=bg&l=enNovelguide. “ Economic Development in Zimbabwe”. Novel Guide.com.2013. Web Sept 2013
Trading economics. “ Zimbabwe GDP Annual Growth Rate”. 2013. Web Sept 2013.
“The World Bank Fact Book.2013”. Web http://data.worldbank.org/indicator
Film Critique movie August Rush
Film Critique Rough Draft on the Movie “August Rush”
Student’s Name Course Name and Number Instructor’s Name Date Submitted
Film Critique Rough Draft on the Movie “August Rush”
Introduction
August Rush is founded around Evan Taylor, a toddler who was put in care soon following his birth devoid of his mother’s consent or knowledge. Evan is the ordinary unwanted and overlooked baby of the system, with the exception of his extraordinary penchant for sounds and noises of the world about him imply that he is prominent in relation to the rest of the crowd to an extent. At the age of ten years, Evan absconds to pursue music in the hunt for his original parents who he does not doubt that are living and craving for him.
Storytelling
The plot is unsophisticated, while the power of this film is not the story. It is the depiction of a lad who has an obsession for two things, namely music and searching for his parents. In the hustle and bustle of daily life, humanity is bound to forget the true essential issues of life, such as family and love (Edelstein, 2009). The film August Rush produced in 2007, reminds humanity of these fundamentals. Living at a lad’s home, several people around him demonstrate an attitude of desperation in regard to their parents. However, this is not the case with Evan. He is persuaded that he can hear them by means of music in his mind. He flees the home and drifts into the Big Apple, to begin his expedition for his parents. His expedition causes him to come across a peculiar cast of characters. However with every person he comes across he is granted another musical skill as well as a teaching on life.
Acting, Editing, Sound, Style and Directing
Throughout the movie, flashbacks are portrayed with his parents Louis acted by Jonathan Rhys Meyers and Lyla acted by Keri Russell. The conception of Evan happened as a result of a chance meeting between the two lovers, one was a rocker, while the other was a well-known cellist. The two do not discern Evan’s existence owing to a series of ill-fated occurrences; however, both discern that something is mislaid in their lives.
Every one of these actors ought to be applauded for their stellar presentations. An actor such as Highmore has a gift that most of the artists thrice his age do not enjoy. Meyers and Russell perform a brilliant work in the supporting roles as Evan’s parents. Particularly, Russell excels in her performance with a great deal of emotional depth that the audience identifies with the long lost parent. Robin Williams in his role as an overlord of the destitute children, once more excels as the film’s villain. The film would not have been reasonably collaborated were it not for the camera angles as well as directing (Klinger, 2011).
Cinematography and Genre
The cinematography makes the audiences identify with the experiences of Evan. The score that reoccurred, and uncomplicated to the ears, greatly compliments the cinematography. The genre of this movie revolves around music, romance and drama. Although this might be the director’s (Kirsten Sheridan) first major movie she verifies that she is currently a contender in the directing business. This movie is a worthy the watch, for every age group. Even the audiences with the hard hearts would be sensitively invested in this movie as well as the youthful protagonist (Bordwell, 2008).
References
Bordwell, D. (2008). Making Meaning: Rhetoric & Inference on the Construal of Cinema,
San Francisco:Jossey-Bass.
Edelstein, A. (2009). Comparative Communication Studies, Beverley Hills: Sage.
Klinger, B. (2011). Detours at the Cinema: Reception & Mass Culture, Cinema
Journal, 21 (3), 10 – 15.
. In October 2018, one person won a Mega Millions jackpot worth 1.54 billion dollars. How would you express that jackpot amo
1. In October 2018, one person won a Mega Millions jackpot worth 1.54 billion dollars. How would you express that jackpot amount in scientific notation?
1.54 × 1061.54 × 10915.4 × 10615.4 × 1092. In Major League Baseball, fans eat approximately 21 million hot dogs every season. There are a total of 2,430 games in each season. Approximately how many hot dogs are eaten at each game?
1,000 hot dogs
9,000 hot dogs
90,000 hot dogs
1 million hot dogs
The United States has two bodies of Congress: the Senate and the House of Representatives. There are 435 seats in the House of Representatives. On November 9, 2018, following elections, 226 seats belonged to members of the Democratic party and 198 seats belonged to members of the Republican party. Election results were still undecided for the other 11 seats.
Republicans were leading 7 of the undecided races and Democrats were leading 4. If the 7 leading Republicans and 4 leading Democrats won their races, what percent of the seats in House of Representatives would belong to Democrats and what percent would belong to Republicans? Round answers to the nearest percent.
Democrats would hold 46% of the seats and Republicans would hold 52% of the seats.
Democrats would hold 50% of the seats and Republicans would hold 50% of the seats.
Democrats would hold 52% of the seats and Republicans would hold 46% of the seats.
Democrats would hold 53% of the seats and Republicans would hold 47% of the seats.
4. A syllabus in a student’s mathematics course states that she can earn 450 points on homework, 100 points on attendance, and 800 points on exams. What percent of her final grade is determined by her attendance? Round to the nearest percent.
7%
10%
13%
74%
5. Smoking-related illness in the United States costs more than $300 billion each year. In 2017, the gross domestic product (GDP) of the United States was $19.39 trillion. Calculate the total economic impact of smoking (cost) as a percentage of the United States’ GDP. Round your answer to the nearest hundredth of a percent.
0.02%
0.15%
0.65%
1.55%
6. Two students went shopping and bought $150 worth of clothes. They had to pay an additional $14.78 in tax. Estimate the tax rate they had to pay.
About 5%
About 10%
About 14%
About 15%
7. George took his long-time crush on their first date. They went to dinner where he spent $84.50 and left an additional 20% tip. Later he paid for two movie tickets that cost $12.50 each and bought snacks at the movie that cost a total of $14.45. Which equation would calculate how much George spent on his date?
84.50 + (0.20 x 84.50) + (2 * 12.50) + 14.45
1.20 x 84.50 + 12.50 + 14.45
1.20 (84.50 + 12.50 + 14.45)
84.50 + (1.20 x 84.50) + 12.50 + 12.50 + 14.45
8. In 2018, a Quinnipiac University poll found that 65% of Florida voters support stricter gun laws. There are approximately 13 million registered voters in Florida. If the poll represents how all voters in Florida feel, which of the following is the best estimate of the number of voters who support stricter gun laws?
Between 130 thousand and 650 thousand voters
Between 1.3 million and 2.3 thousand voters
Between 4 million and 5 million voters
Between 8 million and 9 million voters
Use the following information to answer the next two questions.
9. A high school student is writing a report on which social media site, Facebook or Instagram, is preferred by Millennials (people born between 1980 and 1994) compared to Generation Z (people born 1995 or later). The results of her survey are below.
Facebook Instagram Total
Millennials 530 504 1034
Generation Z 129 905 1034
Total 659 1409 2068
Which of the following conclusions could be accurately drawn from these results?
Approximately 25% of Millennials surveyed prefer Facebook
Approximately 36% of Millennials surveyed prefer Instagram
Approximately 50% of Generation Z surveyed prefer Facebook
Approximately 90% of Generation Z surveyed prefer Instagram
10. The student made the calculation shown below. What question was she trying to answer?
504 ÷ 1409
What percentage of those who prefer Instagram are Millennials?
What percentage of those who prefer Facebook are Millennials?
What percentage of Millennials prefer Instagram?
What percentage of Millennials prefer Facebook?
11. A 2018 Chevrolet Suburban averages 15 miles per gallon of gas in the city. It drives 47% farther per gallon of gas on the highway. If gas costs $3.25 per gallon, how much does a Suburban cost to drive per mile on the highway? Round to the nearest cent
7 cents per mile on the highway
15 cents per mile on the highway
22 cents per mile on the highway
153 cents per mile on the highway
12. The following data table gives information about the change in smartphone sales of two leading companies from 2007 to 2017.
Company Smartphones sold in 2007 Smartphones sold in 2017 Smartphones sold in 2027
Apple 2.3 million 214.9 million ?
Samsung 435.5 million 321.3 million ?
The number of smartphones sold is changing for these companies every year. Suppose that over the next 10 years, from 2017 to 2027, their absolute rates of change of smartphone sales remains the same as the previous 10 years. Using the data table, determine which of the following statements would be true.
Samsung will sell more smartphones that Apple in 2027.
Samsung will sell over 400 million smartphones in 2027.
Apple will sell over 400 million smartphones in 2027.
Apple and Samsung will sell approximately the same number of smartphones in 2027.
Date 3/1/98 1/1/01 1/1/02 1/1/07 1/1/08 7/1/14 1/1/16 1/1/17 1/1/18
Minimum Wage $5.75 $6.25 $6.75 $7.50 $8.00 $9.00 $10.00 $10.50 $11.00
13. California’s minimum wage (in dollars per hour) has increased substantially over the last 20 years, as seen in the table below.
Which of these graphic displays should be used to show the rate of change, or trend, of these minimum wage rates over time?
a. A bar graphb. A line graphc. A pie chart
d. A table displaying the mean and median
15. The table below shows the yearly income of a random sample of family physicians across the US in 2018.
Doctor Income in 2018
Dr. Bonner$108,000
Dr. Dupree$210,000
Dr. Gilbreath$145,000
Dr. Griner$190,000
Dr. Hornbuckle$135,000
Dr. Houston$180,000
Dr. Kizer$187,000
Dr. Taurasi$162,000
Dr. Taylor$151,000
Dr. Thomas$235,000
Calculate the mean and median income in 2018 for these doctors.
Mean = $162,000, median = $171,000
Mean = $167,800, median = $162,000
Mean = $170,300, median = $171,000
Mean = $171,000, median = $180,000
Use the following information to answer the next two questions.
19. The cost of Carlos’s electric bill (E) is computed by using a monthly charge of $29.99 plus $0.11 per kilowatt hour (k), as follows:
E = 0.11k + 29.99
Solve this equation for k.
E0.11 – 29.99 = k
E0.11 + 29.99 = k
(E – 29.99) / 0.11 = k
(E + 29.99) / 0.11 = k
Use the following information to answer the next two questions.
22. Which of the following could be a model for the amount of money (A) Maddie’s saving account will contain after (w) weeks?
A = 300w
A = 300 + 0.03w
A = 300 + 1.03w
A = 300 * 1.03w
23. A 21-year-old in New York wants to figure out how much he will spend at a new club, Club C. He figures out that his cost can be calculated using the formula below. Which of the following could be an interpretation of this formula?
C = 20 + 12D
The cost he will pay to go to Club C is a $12 cover charge plus $20 per drink.
The cost he will pay to go to Club C is a $20 cover charge plus $12 per drink.
The cost he will pay to go to Club C is $20 after 12 AM.
The cost he and his friends will pay to go to Club C is a $32 per person.
25. The average price of 42-inch TVs has gone down dramatically over the past 20 years. The graph below shows the approximate average price of a 42-inch TV each year, beginning in 1998. The equation to model this is:
P = $1200 * .97 t
Where:
P = the average price of a 42-inch TV
t = number of years since 1998
Which of the following statements gives the best interpretation of this model?
The average price of a 42-inch TV has decreased by $97 every year
The average price of a 42-inch TV has decreased by $36 each year
The average price of a 42-inch TV has decreased by 3% every year
The average price of a 42-inch TV has decreased by 97% every year
26. Recall that the formula for earnings on a principal investment compounded annually is:
A = P * (1 + r)t
Where:
A = amount in the fund
P = principal (initial amount invested)
r = Annual Percentage Rate (APR) (as a decimal)
t = time in years, or term
If you invest $3,000 into each of the four options below, which option would yield the highest amount at the end of the term?
12 years, 3% APR
8 years, 5% APR
6 years, 7% APR
4 years, 10% APR
27. Nikolas invests $1,400 into a certificate of deposit that earns 1.8% compounded semiannually (twice a year). How much money will he have at the end of 5 years? Use the compound interest formula given below. Round final answer to the nearest cent.
A = P(1 + r/n)n*t
Where:
A = the amount in the account
P = the original principal
r = the annual interest rate
n = the number of compounding periods in a year
t = the number of years
$1,530.62
$1,531.23
$1,673.42
$3,314.31
Part 2: Open Ended Items
For Part 2: Write your work and answers on the test. The answer sheet is not needed for this section.
An Amazon Echo originally costs $99.99. It is on sale for 10% off. Sales tax of 7.5% is then added to the sale price. What is the cost of the Echo on sale including tax? Round your answer to the nearest penny.
1+7.510099.99*0.9=96.74The population of Minnesota is about 5.577 million people. Write Minnesota’s population in standard notation (as a number).
5.577*106=557,7000 peopleIn 2018, the Unites States had a population of 325.7 million people. Of these, 11.66 million lived in Ohio. What percent of all people in the United States lived in Ohio in 2018? Round your answer to the nearest tenth of a percent.
11.66325.7*100=3.6%As people are living longer and the world’s population is increasing, there are more and more people ages 65 or older. In 2000, approximately 419 million people were 65 or older. By 2017, that number increased to 656 million. On the two questions below, round to the nearest tenth when relevant.
a. What was the absolute change in the number of people 65 or older from 2000 to 2017?
Absolute Change=656-419=237 million b. What was the relative change in the number of people 65 or older from 2000 to 2017?
Relative Change=237419*100=56.6%
A student downloaded a new game on her phone that was recommended by her friend. She wanted to show her friend how good she was doing, so she wrote down all her scores on the game. Her first five scores on the game were 432, 543, 348, 788, and 823. On the two questions below, round to the nearest whole number when relevant.
a. What is her mean, or average, score on the game?
Mean=432+543+348+788+8235=586.8≈587b. What is her median score on the game?
Rearranging: 348, 432, 543, 788, 823Median=543Using the equation:
d = r * t
Where:
d = distance traveled
r = rate (speed, velocity)
t = time
If you have to fly from JFK airport in New York to LAX airport in Los Angeles, you will fly 2,475 miles. If the average amount of time for a plane to fly from JFK to LAX is 5 hours and 30 minutes, what is the average speed that a plane flies on this trip? Include the appropriate units.
Av.Speed=dt=2475miles5.5 hours=450 miles/hourYou need to buy bananas at the store, but you realize you only have $2. How many bananas could you buy if they each cost 30 cents? (Hint: you cannot buy a fraction of a banana).
Whole Bananas=20.3=6
After trick-or-treating, a boy opened all of his M&Ms and put them into one big jar. He ate the same amount of M&Ms each day until they were gone. He made a graph, shown below, to represent how many M&Ms he had left over time. His teacher explained that his situation could be modeled by a linear equation where M represents the amount of M&Ms left and d represents the number of days since Halloween that had passed. Use the student’s graph to answer the following questions.
3848100172974000
a. Circle the horizontal intercept on the graph.
b. What information does the horizontal intercept tell you, in the context of this problem?
The Horizontal Intercept (days=50):There would no M&Ms left 50 days from Halloween
c. What is the slope of the line on the graph?
Slopem=Change in M&MsChange in d(Days)=0-6050-30=-6020=-3 M&Ms/dayd. What information does the slope tell you, in the context of this problem?
Slope tells rate at which M&M’s left are decreasing per day.