Why is the growth rate and significant for development, Business Economics

Assignment Help:

Why is the growth rate and significant for development?

The rate of economic development is the percentage increase within real GDP over twelve months.

• The higher rate of growth the faster poverty can be decreased and human economic well-being enhanced.

• A one percent growth rate implies standards of living doubles every 72 years; 2% as 72/2 = 38, etc


Related Discussions:- Why is the growth rate and significant for development

What is social exclusion, What is social exclusion? Social Exclusion...

What is social exclusion? Social Exclusion: Social exclusion arises while people are denied access to goods opportunities taken as normal in a society. In several develo

Economics for business, Case study CORN is now struggling to keep up wi...

Case study CORN is now struggling to keep up with demand.  With corn supplies the tightest they have been since the mid-1990s, prices have risen substantially and are holding a

Assignment, Assignment on discounting principle

Assignment on discounting principle

What do you mean by the term project milestone, What do you mean by the ter...

What do you mean by the term project milestone? How would you decide how many milestones to demonstrate on your project plan? Project milestone: A milestone is a point at

Use of risk management techniques significant in is projects, Why is the us...

Why is the use of risk management techniques becoming increasingly significant in IS projects? IS projects: It is like projects in many other disciplines, are becoming i

What are newly industrialised countries, What are Newly Industrialised Coun...

What are Newly Industrialised Countries (NICs)? Newly Industrialised Countries: Recently Industrialised Countries (NICs) are LDCs which have undergone recent, quick indus

Linea programming, use of linear programming in decision making

use of linear programming in decision making

Control the circulation of money in the economy, QUESTION (a) State whe...

QUESTION (a) State whether the following statements are TRUE or FALSE. Clearly explain your answer. (i)The Keynes liquidity Preference theory stipulates that money demand is

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd