Answer: A developing country is also known as low economic country as according to World Bank classification, countries having Gross National Income (GNI) per capita is US$ 735 or less is known as low economic country. A high economic country is a developed country and whose Gross National Income is US$12,056 or more according to World Bank classification. Example United state has the highest Gross National Income.
Some prominent members of the slow-economic growth country club include a high- income country like 1) Somalia 2) Germany 3) Bolivia 4) Nigeria
In 2016 SA s economic growth rate was only 0.3% which is far too low if the country is to more successfully meet the key challenges of unemployment,poverty and inequality.Is the SA economy in a low growth trap?What can and should be done by government, business and labour to turn the economic fortunes of the country around?Make specific reference in your answer to the significance of the National Development Programme ,the importance of policy certainty and the role of investor...
Whats a current financial or economic issue in the health care industry?
Imagine that you are the economic advisor of a country which experiences a high unemployment rate for a long time. The government (does not know the economic theory ) and is willing to implement the following policies in order to reduce the unemployment rate. The first one is to reduce the minimum wage. The second one is to increase the unemployment benefits. Discuss the two policies and their effect ( rely on the theory you have learnt ) and ultimately...
Problem 1.3. The economic growth next year will be high, medium, or low. There are four assets, A, B, C, and D, whose value (cash flow) in the three states will be as follows: High Growth Medium Growth Low Growth 80 60 40 60 30 50 30 60 50 25 The prices of the assets A, B, and C are 56.60, 47.90, and 49.80, respectively. (a) What are the state prices of the three states? (b) What is the risk-free...
If a high-tech firm sets up operations in a foreign country with low Intellectual Property protection to profit from a core competency in technological know-how, which of the following entry strategies is best? a. turnkey contracts b. licensing c. wholly owned subsidiaries d. joint ventures
In emergencies, a country's deficit as a percentage of its GNP: A) Is kept very low B) Is kept very high C) Will depend on the economic conditions of the country and is hard to assign a number to it. D) Will depend on the economic condition of the country but should not exceed 28%. E) None of the above
Explain why a country might prefer to have a currency with a low exchange rate. Then explain the reasons why a country might want to have a high exchange rate. Be thorough.
Explain why a country might prefer to have a currency with a low exchange rate. Then explain the reasons why a country might want to have a high exchange rate. Be thorough
An economist believes that during periods of high economic growth, the U.S. dollar appreciates with probability 0.70; in periods of moderate economic growth, the dollar appreciates with probability 0.40; and during periods of low economic growth, the dollar appreciates with probability 0.20. During any period of time, the probability of high economic growth is 0.30, the probability of moderate economic growth is 0.50, and the probability of low economic growth is 0.20. Suppose the dollar has been appreciating during the...