Author Question: Which of the following countries received a loan from the IMF in November 2008? A) Japan B) ... (Read 24 times)

asan beg · **on:** Jun 30, 2018

Which of the following countries received a loan from the IMF in November 2008?

A) Japan
B) China
C) Hungary
D) Mexico

Question 2

Is the distribution of income across different countries in the world equitable? In other words, do all countries share the world's wealth equally?

What will be an ideal response?

chereeb · **Reply #1 on:** Jun 30, 2018

Answer to Question 1

C

Answer to Question 2

No, there are large differences in they way wealth is distributed across countries. For example, the U.S., Canada and Western Europe account for 60 percent of the world's annual consumption, while having only 11 percent of the world's population. In contrast, Africa and South Asia have 37 percent of the world's population but represent only about 6 percent of world consumption expenditure.