Question
Task 1: Discuss how economic concepts such as the production function and policy maker interventions (including free trade, education, political stability, population growth and health)
Task 1: Discuss how economic concepts such as the production function and policy maker interventions (including free trade, education, political stability, population growth and health) can be used to explain the phenomena observed within the videos below: https://www.youtube.com/watch?v=jbkSRLYSojo https://www.youtube.com/watch?v=lYpX4l2UeZg
Task2:
Based on the website below:
https://toolslegacy.gapminder.org/tools/#$state$time$value=2020;&entities$show$country$/$in@=usa&=chn& =zwe;;;;&marker$axis_y$spaceRef:null;;;&chart-type=linechart
based on the graph above what you can observe about income per person gap between China and United States and income per person gap between Zimbabwe and United States? (Ensure you label the graph) What theory that you may use to explain the gaps? Explain the factors of production that may contribute gap between China and United States (ensure attached graph)!
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