One suggested policy that industrially advanced nations could adopt to foster economic growth in less developed nations would be to:
A. Leave the responsibility to the World Bank
B. Direct foreign aid to the poorest DVCs
C. Recruit more skilled workers from DVCs
D. Target the banking sector for the most help
B. Direct foreign aid to the poorest DVCs
Economics
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Suppose that Year 1 is the base year. Year 2 real GDP is
A) $200. B) $270. C) $310. D) $390.
Economics
In the aggregate expenditures model, assume that the MPC is 0.75 . An increase in investment spending of $6 billion would produce an ultimate increase in real GDP of:
a. $0.25 billion. b. $0.75 billion. c. $12 billion. d. $24 billion.
Economics