Question
c. Businessmen concern about the economic environment of a country and its business opportunities. Which country is more likely to follow the principle of Big
c. Businessmen concern about the economic environment of a country and its business opportunities.
Which country is more likely to follow the principle of "Big Market, Small Government"? Explain your answer.
Suppose there is a global weakened consumption sentiment. Households in both countries spend less such that their private consumption expenditures fall by 10%. Which country's GDP would be more seriously affected by the fall in consumption? Why?
Identify one government policy that can increase personal consumption expenditure as a percentage of GDP in Country X. Explain your answer.
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