Please I need it very urgentlyyy four short answer questions and (max 60 words) to the field right after each question 1-Why do poor countries often exhibit much stronger growth rates than rich countries? 2-Explain why,in a closed economy, S=I.  3-Explain the difference between the real and nominal exchange rate.

Foundations of Business (MindTap Course List)
6th Edition
ISBN:9781337386920
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Chapter16: Mastering Financial Management
Section: Chapter Questions
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Please I need it very urgentlyyy

four short answer questions and (max 60 words) to the field right after each question

1-Why do poor countries often exhibit much stronger growth rates than rich countries?

2-Explain why,in a closed economy, S=I. 

3-Explain the difference between the real and nominal exchange rate.

4-What is the GDP per capita and why is it useful in measuring differences in living standards between different countries?

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