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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.
- What indicators will you use to tell if the country is a rich country or a poor country.
- 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?
- 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.
- 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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