Question
According to figures from the International Monetary Fund, the average real GDP growth rate for advanced economies was 1.7% per year between 2003-2012, while the
- According to figures from the International Monetary Fund, the average real GDP growth rate for advanced economies was 1.7% per year between 2003-2012, while the average growth rate was 6.6% for emerging markets and developing economies for the same period. Based on factors affecting the long-term growth rate, explain why we observe such a difference.
Reference:International Monetary Fund (2021), World Economic Outlook: Managing Divergent Recoveries, April 2021. https://www.imf.org/en/Publications/WEO/Issues/2021/03/23/world-economic-outlook-april-2021
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Business Its Legal Ethical and Global Environment
Authors: Marianne M. Jennings
11th edition
1337103578, 978-1337514392, 133751439X, 978-0357690130, 978-1337103572
