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You are participating in an international economic mission and have the task to assess the state of development of a country. What indicators will you

You are participating in an international economic mission and have the task to assess the state of development of a country.

  1. What indicators will you use to tell if the country is a rich country or a poor country.
  2. How do you determine the economic structure of the country? What would you expect to find if the country is a high- income country? What do you expect to find if it is a low-income country just beginning to develop?
  3. If the country is poor, name and briefly explain two policies in the agricultural sector and two in the industrial sector that may promote economic growth.
  4. What physical capital and human capital refer to? In what areas or sectors should the country invest to increase its human capital?

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