Why is China still poor in per capita terms despite having the second-largest economy in the world in terms of real GDP?

Q: Do you believe that globalization has created new problems and exacerbated existing difficulties for…

A: Globalization refers to the interdependence of many world cultures, demographics, and economy. It's…

Q: How would the Canadian economy be different if the United States had not been one of our most…

A: The economies of Canada and the United States are comparative since they are both developed…

Q: why being poor is expensive? expand

A: The economics as an area of study deals with the use of resources in the economy, or society. The…

Q: •TO WHAT EXTENT DOES GLOBALIZATION LEAD TO PROSPERITY FOR ALL?"

A: When talking about prosperity for all, one is trying to capture the positive side of the…

Q: What sorts of policies can governments implement to encourage convergence?

A: Convergence refers to an increase in income per capita of underdeveloped countries at a faster rate…

Q: Why is a country better off not isolating itself from all other countries?

A: The country is not isolating itself from other countries because of the market. Some countries have…

Q: Are high income countries developed countries? Why?

A: The economics as a study is based upon the idea that the resources which the economies, or the…

Q: Standard of living of a country can be raised if it increases Labour force

A: To find : Which is reason for increase in standard of living of a country.

Q: "Indonesia's economy grew at its fastest pace in six years in the fourth quarter of 2010, and…

A: With a population totaling around 240 million individuals, Indonesia is the fourth-largest country…

Q: Why will the U.S. population grow faster than othermore developed countries?

A: The population of the United States is expanding at the same rate as, if not faster than, that of…

Q: Why is the US economy so large?

A: The size of any economy can be measured by many parameters, the most used one is the Gross Domestic…

Q: According to the rule of 72,if the economy of the United Apex Emirates will double in 52 years, at…

A: The rule of 72 is an approximation to figure out doubling time required by an economy with a certain…

Q: What are some of the other ways of comparing the standard of living in countries around the world?

A: The standard of living is a very broad concept in economics as it includes both the physical as well…

Q: Does it take thousands of years for countries to become wealthy?

A: Wealth: It estimates the multitude of resources of worth possessed by an individual, local area,…

Q: What do you think are the most important problems facing countries in macroeconomic terms lately?

A: I think the most significant macroeconomic problem many countries facing is the high level of…

Q: The world is getting richer because

A: When we say that the world is getting richer then we means that per capital income of an economy…

Q: Why communism is a fail economic system?

A: Communism is an economic, social, philosophical and political movement and ideology whose final aim…

Q: Is inflation likely to be a severe problem for at least some high-income economies in the near…

A: When an economy faces a continuous increase in the prices of all goods and services, it is said to…

Q: According to Jason Hickel how do rich countries de-develop?

A: They can de-develop, according to Hickel, by limiting economic growth and abuse, which leads to…

Q: Apply your knowledge in identifying the factors that will contribute to the economic progress of a…

A: When a product gets underway for the production process, cost  takes place for producing that…

Q: does globalization has created new problems and exacerbated existing difficulties for many of the…

A: The Globalisation refers to the integration of world economies on whole. The integration would mean…

Q: What were the main factors that account for China's incredible economic development since the late…

A: Economic development is described as the process in which economies having low income are…

Q: Is there a better way to classify a country other than the use of GDP and per capita? Explain

A: Yes, there is a better way to classify a country other than the use of GDP and per capita as these…

Q: Discuss the reasons why China had to reevaluate and relax its strict population policy?

A: 1. China introduced a one-child policy in 1980 where married couples were allowed to have only one…

Q: Why is income per person so much higher in some countries than others?

A: A commonly used indicator to measure the level of prosperity in a nation is the per capita gross…

Q: how do we measure the economic success and social well being of the united states ?

A: Economic success and Social well-being is a state in which basic human needs are fulfilled and…

Q: What and how certain economic indicators are impacting the Economy of Pakistan? Discuss.

A: Economic Indicators are the statistics that measure the economic performance of the country. Some of…

Q: Is globalization is inevitable and irreversible? Why or why not?

A: For different people, globalisation means different things. Globalisation may simply be defined as…

Q: How does poverty and inequality affect the development of a country?

A: Poverty:- Poverty is defined as a lack of sufficient funds to cover fundamental requirements such as…

Q: how do developing and developed countries benefit from globalization?

A: Globalization It is the process of interaction and increased integration among people, companies and…

Q: Determine the major links between wealth, birth rates, and shared environment within the United…

A: The need of engaging women in active workforce are often substantial in effort to scale back the…

Q: How do you think the transition to a normal economy in Lebanon, after the war in 2006, would differ…

A: Lebanon has had rising fiscal deficits and an unsustainable public debt burden since the Civil War…

Q: Which do you think welcomes or rejects globalization? Developed or undeveloped countries? Why?

A: Globalization refers to the process of integration among companies, government and people all over…

Q: Is there hope for a country to grow in economy

A: Growth Rate: The magnitude of the growth rate can be determined by dividing the absolute change by…

Q: Accordin to the picture What do these variables tell us about the future economic performance of…

A: GDP growth rate allows the central bank and policymakers of the economy to determine the necessary…

Q: can the US economy succeed without a manufacturing base ?

A: Manufacturing is vert important for the US economy. as it provides jobs in the manufacturing sector…

Q: Why is globalization bad for the poor?

A: Globalization is the system of interactions that exist between economies around the world as a…

Q: what are the Economic factors of Ethiopia include:  major industries, exports, and imports, GDP…

A: Economic factors  Economic factors are those which may help to calculate the economic growth and the…

Q: In what way does comparing a country’s exports to GDP reflect its degree of globalization?

A: Globalisation is the process of integration and interaction among companies,people and governments…