Primary Task Response: write 400–600 words that respond to the following questions with your thoughts, ideas, and comments. Be substantive and clear, and use examples to reinforce your ideas.
Choose a developing country, and discuss its economic growth in the last 2–3 years. Include the following information:
Identify its growth in output per capita and in population growth.
Is it an open or closed economy?
Identify its comparative advantage and whether it is involved in trade.
Identify the country’s type of economy—how its economy is a market, command, or mixed economy.
Is the country’s foreign exchange overvalued or undervalued? Has the central bank intervened in the foreign exchange market on behalf of the country’s currency valuation?
Using the information you gathered, discuss whether you believe the country is on a good course of economic growth and whether the macroeconomic policies are helping achieve this growth.
Explain concepts of supply and demand
Explain what is meant by “business cycles” and “economic growth and describe the factors that contribute to each.
Demonstrate understanding of the relevance and impact of macroeconomics and how it impacts politics, the workplace, and people
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