Question 3: Economic Growth in a Developing Nation Suppose you work as an economic analyst in an international research organization. Monitoring economic growth and overall macroeconomic conditions across different parts of the world is a routine part of your job. Suppose you have been asked to assess the growth situation in a small developing island nation. It is a country abundant in labour and some natural resources. The capital to labour ratio is low. It has a free market economy. You have found that this country does not have a very strong and healthy banking system, however, the political system is stable and the government does a good job protecting property rights. (a) Based on the information given, assess this country's prospects for growth. (b) Recommend two things that would enhance the country's growth. This question is about a hypothetical country, you don't need to use any real-world data to answer this question.]