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how many countries reach the targeted threshold of 0.7 of their Gross National Income (GNI) for Official Development Assistance (ODA)?

Question

how many countries reach the targeted threshold of 0.7 of their Gross National Income (GNI) for Official Development Assistance (ODA)?

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Solution

To answer this question, we would need to follow these steps:

  1. Identify the targeted threshold for Official Development Assistance (ODA) which is 0.7% of Gross National Income (GNI).

  2. Research and gather data on the GNI and ODA of all countries. This information can be found in databases of international organizations such as the World Bank, the United Nations, or the Organisation for Economic Co-operation and Development (OECD).

  3. Calculate the ODA as a percentage of GNI for each country. This can be done by dividing the ODA by the GNI and then multiplying by 100 to get the percentage.

  4. Compare the calculated percentages with the targeted threshold of 0.7%.

  5. Count the number of countries that meet or exceed this threshold.

Please note that this information is constantly changing as countries' GNIs and ODAs fluctuate. Therefore, the exact number of countries reaching the targeted threshold can vary over time.

As of the last available data from the OECD in 2019, only 5 countries (Denmark, Luxembourg, Norway, Sweden, and the United Kingdom) met or exceeded the 0.7% target.

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Similar Questions

Which countries meet the UN target of 0.7 of 1% of national income for official development assistance?United StatesNetherlandsNorwayNew ZealandSwedenSkipSubmit

Gross national income (GNI) is defined as:Group of answer choicesThe total income of all locally-owned businesses plus income earned by foreign employeesThe country's total earnings from exports and mining.The total income from all final products of the national economy plus income earned by nationals from overseas investmentsThe total income of all foreign-owned business in the country, minus the value of their imports

GROSS NATIONAL INCOME PER CAPITAAND HUMAN DEVELOPMENT INDEXFOR SELECTED COUNTRIESCountry Gross National Income per Capita Human Development IndexNorway 63,980 0.94Australia 47,160 0.93Canada 46,070 0.91South Korea 38,340 0.90Argentina 20,270 0.83Brazil 15,160 0.76South Africa 13,090 0.69India 7,060 0.64Kenya 3,250 0.59Source: World Bank, United Nations Development Programme, 2017Based on the data in the table, which of the following statements explains a limitation of using gross national income per capita compared to the Human Development Index as a measure of development?ResponsesUsing gross national income per capita in a composite measure of development does not allow for cross-national comparisons of purchasing power, a key indicator of development.Using gross national income per capita in a composite measure of development does not allow for cross-national comparisons of purchasing power, a key indicator of development.Using gross national income per capita as a measure of development puts too much importance on economic production as the sole measure of development.Using gross national income per capita as a measure of development puts too much importance on economic production as the sole measure of development.The importance of gross national income per capita as a measure of development is reduced because it factors in life expectancy and education with the value of economic production.The importance of gross national income per capita as a measure of development is reduced because it factors in life expectancy and education with the value of economic production.Gross national income per capita does not factor in population and therefore reduces the overall accuracy as a measure of development.Gross national income per capita does not factor in population and therefore reduces the overall accuracy as a measure of development.The differences in gross national income per capita as a measure of development are less exaggerated between more developed countries than between less developed countries.

In some countries, the official GNI per capita measured at PPP data does not reflect the actual total annual income because:Question 5Select one:a.It doesn't consider differences in the cost of living.b.It fails to include income earned from other countries in the form of dividends.c.It gives a static picture of development.d.Large amounts of economic activity may be in the form of barter agreements.

what is national income?

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