Question

Which of the following is not measured by the World Bank as an indicator of institutional quality or governance?

		a. civil liberties
		b. political stability
		c. corruption
		d. government effectiveness
		e. income redistribution

1B) If convergence is occurring between rich and poor countries one would expect

		a. Economic growth rates to equalize
		b. Rich countries to grow more quickly than poor countries
		c. Rich countries to grow more slowly than poor countries
		d. Population growth to be faster in poor countries that rich countries
		e. Population growth to be slower in poor countries than rich countries

Answer 1

Answer: e) income redistribution

The Worldwide Governance Indicators (WGI) project reports aggregate and individual governance indicators for over 200 countries and territories over the period 1996–2018, for six dimensions of governance:

Voice and Accountability

Political Stability and Absence of Violence

Government Effectiveness

Regulatory Quality

Rule of Law

Control of Corruption

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Answer : C) Rich countries to grow more slowly than poor countries, poor countries need to catch up with the rich country so the poor countries need to grow at a much faster rate

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