1) Which are the three measures included in the new development index and why the index is a preferred method of measuring development relative to the income per capita?
2) Explain why a low-income country may be stuck in a poverty trap.
3) According to the Harrod-Domar model, which are the determinants of economic growth?
4) List the stages of development in the linear stage model.
5) Describe the “Traditional Society Stage” in the linear stage model.