2. Countries can be classified into emerging market based on whether _____ Select all that apply Only if most of its citizens are considered poor and a few wealthy according to the country standards The country does not have a democracy Its investable market capitalization is low relative to its most recent GNI figures It is located in a low- or middle- income economy as defined by the World Bank 3. Some ways liquidity can be measured in a
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This option is not correct because it is not a requirement for a country to have a specific distribution of wealth in order to be classified as an emerging market. - The country does not have a democracy. This option is not correct because the presence or absence Show more…
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Distribution of Wealth If we model after-tax household income by a normal distribution, then the figures of a 1995 study imply the information in the following table, which should be used for Exercises $49-60 .^{55}$ Assume that the distribution of incomes in each country is bell shaped and symmetric. $$ \begin{array}{|r|c|c|c|c|c|} \hline \text { Country } & \text { United States } & \text { Canada } & \text { Switzerland } & \text { Germany } & \text { Sweden } \\ \hline \begin{array}{r} \text { Mean Household } \\ \text { Income } \end{array} & \$ 38,000 & \$ 35,000 & \$ 39,000 & \$ 34,000 & \$ 32,000 \\ \hline \begin{array}{r} \text { Standard } \\ \text { Deviation } \end{array} & \$ 21,000 & \$ 17,000 & \$ 16,000 & \$ 14,000 & \$ 11,000 \\ \hline \end{array} $$ Refer to Exercise $49 .$ Which of the five countries listed has the poorest households (i.e., the lowest cutoff for considering a household poor)?
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Sofia made the following table where she categorized countries by their region and by average business startup costs, as a percentage of the per capita gross national income (GNI) for a certain year. She decided that high meant greater than or equal to 8% but less than 70% of the GNI and that very high meant greater than or equal to 70% of the GNI. Region Very high High Low Total East Asia & Pacific 3 13 8 24 Europe & Central Asia 0 8 17 25 Latin America & Caribbean 4 23 5 32 Middle East & North Africa 4 9 7 20 OECD 0 5 27 32 South Asia 0 7 1 8 Sub-Saharan Africa 21 22 4 47 Total 32 87 69 188 Find the probability that Sofia categorized the country's business startup costs as very high, given that the country is in the Sub-Saharan African region. [please type a fraction a/b in simplest form].
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