List the fastest growing economies in the world and tabulate their growth rates, inflation rates, unemployment rates and central bank interest rates
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List the fastest growing economies in the world and tabulate their growth rates, inflation rates,
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- Why do some countries succeed in developing their economies while others fall behind?In 2018, according to the International Monetary Fund, India had the world’s 7th-highest nominal GDP, the 142nd-highest nominal GDP per capita, and the 7th-highest real GDP growth rate. What does each of these indicators tell us about the Indian economy and how life in India compares to life in other countries? India has a huge economy that produces lots of goods and services (7th-highest nominal GDP), is still fairly poor (142nd-highest nominal GDP per capita), but has a rapidly increasing standard of living (7th-highest real GDP growth rate). India has a huge economy that produces lots of goods and services (142nd-highest nominal GDP per capita), is still fairly poor (7th-highest nominal GDP), but has a rapidly increasing standard of living (7th-highest real GDP growth rate). India has a huge economy that produces lots of goods and services (7th-highest nominal GDP), is still fairly poor (7th-highest real GDP growth rate), but has a rapidly increasing standard of…Would you rather live in a nation with a high per capita GDP and low growth rate, or in a nation with a low per capita GDP and high growth rate?
- Draw a graph of "catch-up" that shows where you would expect to see a country with low saving rates and low levels of health and education. How would you expect real GDP per capita to grow in a country like this?How does stability conflict with growth?Why is saving important for economic growth and development?