Refer to the Foreign Aid table below: If the industrialized nations were to sati

Question

Refer to the Foreign Aid table below:

If the industrialized nations were to satisfy the UN’s Millennium Aid Goal, how much more foreign aid would they give annually? (Hint: The United Nations’ Millennium Aid Goal is to raise foreign aid levels to 0.7 percent of donor-country GDP.)

Instructions: Enter your response as a whole number.

$  billion

  Country Total Aid
($ billions) Percentage of Donor
Total Income Australia $3 0.29% Canada 4 0.30 Denmark 2 0.88 France 13 0.46 Italy 3 0.16 Japan 9 0.18 Norway 4 1.06 United Kingdom 11 0.52 United States 29 0.21 22-Nation Total $120 0.28%

Explanation / Answer

$300 Billions or 300000000000

As given in the figure

0.28 Percent of donor country GDP = $120 Billions

So, 1  Percent of donor country GDP = 120/0.28 = 428.57 billion

Hence 0.7  Percent of donor country GDP = 428.57*0.7 = 300 billion

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