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- Create a table that identifies the macroeconomic policies for a high-income country, a middle-income country, and a low-income country1. What metrics can help analyze the economic environment of a country?The real GDP per person in a country A has grown about 4 percent per year. When this country' GDP will be double?
- How big are exports and imports as a percentage of current GDP?1. What is Term of Trade? Why the Terms of Trade in low and developing countries are normally low as compared to that of develop countries?1)Consider a nation in which the volume of goods and services is growing by 5 percent per year. a. If a country’s economic size is growing faster than the rest of the world, then the share of the world’s goods and services that are produced in this country will fall. other countries will also have similar rates of growth. this country will gain influence in the international sector. the balance of trade will worsen. b. If a country’s living standards are increasing at 5 percent, this implies that prices are decreasing at a rate of 5 percent below the population growth. output is increasing at a rate of 5 percent above the population growth. output is increasing at a rate of 5 percent below the population growth. prices are increasing at a rate of 5 percent above the population growth.
- Compare the agricultural employment share and agricultural labor productivity, boththe level and the trend, between the two groups of countries(high-income vs. low-income countries). What can you tell about the differences?1. Discuss the global and local problems in the economy on why there us a lot of working students1. Give the importance why a certain country must have its own economic policy.
