Running head: ECONOMY QUESTIONS 1

ECONOMY QUESTIONS 2

Economy Questions

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Economy Questions

Indias GDP Growth Rate Outpacing Chinas

I agree that the growth of India will outpace China in that analysis shows that even though Indias economy has emerged as one of the fastest growing globally, it has not yet reached its peak that is estimated to be at a rate of 9 to 10%. Before the crisis in the global economy, India annually had been growing by over 9%, and by 2009, it had slowed the countrys growth rate to 6.7%. There is an expected yearly growth of 7.75% GDP rate in Indias economy, and this will help with its gradual recovery. In contrast, China reported a 10.7% growth during the annual quarter of 2009, and this proves its dominance as a fast growing economy. Even though from a much lower base than Chinas, India is achieving substantial growth and it should be a fact in itself that proves that its GDP will outpace China in the future.

Culture Roles

Role that gender discrimination plays in this issue is that women will never be awarded similar opportunity chances as their male counterparts in terms of political influence, education, careers and personal development. Culture contributes a lot to discrimination in that it helps to shape a societys way of thinking and doing things, in that it defines and establishes the structures that dictate how people relate an example in terms of gender roles and type of work.

Some of the issues that occur due to the discrimination include depriving women of equal opportunities to health care, education, decision making in business and political sectors and capital. Problems caused by a rise in the male/female ratio in a nation include a large number of prostitutes and criminals, an enormous numbers of unmarried men, damage to traditionally female industries and an increase in reinforcement of male superiority and an increase in trafficking of women.

Proposed policies to correct this include introduction of counter policies that may be more stringent on pre-birth sex selection and in addition offer financial incentives to have welfare packages for parents and female children. In addition, financial educational subsidies should be offered to promote having female children.

Poverty Rate Changes in China and India

The $1.00 a day at 2005 PPP, which is a poverty line close to Indias official line, shows that the index for head count fell from the initial 42% recorded in 1981 to the 24% recorded in 2005. For the 1.25$ line at 1.5% per annum, Indias poverty reduction proportionate rate was actually slightly higher than in the earlier periods of 1981-1993, and it was also lower than China. Using the mixed method to assess the record of India against poverty shows that the declining proportionate rate in the headcount index is $1.25 a day over 1981-2005 per annum doubles to 3.0%; consequently, this shows a decline in poverty. China, in terms of the highest rate of poverty reduction and highest growth rate, has performed extremely well, Chinas GDP growth rate in the long-term per capita has been about 9% for a very long period. In comparison, India has only 5% in its growth rate per annum during its economic reforms period.

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With the constant and gradual growth, the economic inequalities have also increased and this shows that the gap between the rich and poor has also increased in the two countries. Adequate governmental policies that impact inequality include them making decisions that impact the decision making policies mainly by income subsidizing or redistribution or through the investment skills. Through these two policies the government can correct distortive inequalities and correct financial subsidies that are evasive.

Changes in Use of Energy China and India

Countries like China and India that are considered developed all agree to develop an adoption of a common climate change position that is focused on greenhouse gas emissions reduction through adoption of a more wider and advanced technology transfer mechanism and cross-border markets for the future of their energy sectors.

Health implications for the two countries include them having environmental hazards that are present in the countries weather and issues that are still attributed to the environmental risks that are attributed to water and urban air pollution. Health implications like rising cases of asthma and damage of the ozone layer are also some of the common factors that are common.

Effects of Countries Institutions on Economic Outcomes

Economic institutions effects on countrys economic outcomes can be seen on the effects it has on its general growth. Economic institutions among other things have decisive influences on its human and physical capital, and its production in its industries. In addition to the important role it plays on the growth of the economy, the institutions also help with the distribution of resources.

The branches of economics that deal with the behavior, structure and performance of an economy as a whole are what is considered as macroeconomics. In addition, it also deals with study of indicators of macroeconomic like price, GDP, literacy, indices, unemployment, economic growth and inflation as modes of studying the economy. On the other hand, microeconomics is vital in the study of how to set the prices in consideration to the supply and demand and also the market functions.

Instrumental Variables

In econometrics, statistics, related disciplines and epidemiology, in instrumental variables four methods are used in controlled experiments to estimate casual relationships, which occur when a treatment is not feasible or successfully delivered in a randomized experiment to all units

The instruments can allow for ease and accurate estimation of the regression relationship, when one of the covariates are caused by the dependent variables, when there are omitted relevant explanatory variables excluded from the initial model, or when the measurement errors are subject to covariates. Linear regression in this situation generally produces inconsistent and biased estimates.

Examples of cases where the variable instruments can be implemented include checking for market demand response estimation to the exogenous market price changes. It can also be used to analyze how the weather shocks can estimate the economic growth declines and effects on the civil conflicts. The method can also be used to estimate the exogenous returns of schooling changes.

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