Eco403 GDB No. 1 fall 2011 solution
Monday, October 24, 2011 Posted In Eco Edit ThisAccording to CIA World Fact Book, current population growth rate of Pakistan and China are 1.57% and 0.493% respectively. In both countries, ratio of females is more than males. Logically discuss that how this increasing ratio of females will affect the Gross Domestic Product (GDP) of both countries?
Solution:
In these two countries (as well as others) women are given a lower standard of education and are usually either at home or doing low paid work. So unless they get their act together really soon there will be many vacancies for skilled workers which cannot be filled , the result will be a lower rate of increase of the GDP over the coming years compared to the rate it would rise if women were properly educated and had access to skilled work.
Solution:
In these two countries (as well as others) women are given a lower standard of education and are usually either at home or doing low paid work. So unless they get their act together really soon there will be many vacancies for skilled workers which cannot be filled , the result will be a lower rate of increase of the GDP over the coming years compared to the rate it would rise if women were properly educated and had access to skilled work.
