Economic development and planning questions.

Read the following statement extracted from one of the BoT reports and comment using 3 clear short bulleted points on the role of agriculture in Tanzania`s economic growth.

“…..After attaining a real growth of 7.1 percentage in 2007, the economy is projected to grow at the rate of 7.8 percent during 2008 mainly driven by continued good weather conditions and sustained strong performance in manufacturing, trade, construction and mining activities.”

The growth of the agricultural sector was 4.0 percent in 2007 compared to 3.8 percent in 2005. Comment using 2 bulleted points on this data with respect to the Tanzania`s strategy to reduce poverty.

One of the factors that characterize developing nations is Low level of standard of living.

1. Indicate if this statement is true or False
2. Explain in your answer in (a) using four indicators of standard of living.

Identify two main approaches to development as applied by the international-dependence models of development.

One of the features that identify developing countries is high population.

Per-capita income, Gross Domestic Product, Gross National Product, and inflation are used to measure economic growth.

The following are third-world regions Afghanistan; Bangladesh and Nepal.

The following characteristics are most likely found in developed countries: high income levels, high levels of natural resources, high levels of human capital.

Developing countries and developed countries both undertake some level of economic planning.

Free market economy is a characteristic of developed countries.