We have argued that one of the reasons we could be interested in macroeconomics

Question

We have argued that one of the reasons we could be interested in macroeconomics and more specifically growth is because we may care about how we can see other countries succeed and get out of poverty. When we look at the data, we see that there are a number of countries, in particular in Africa, that for some reason have been unable to achieve the kind of growth that we would want them to experience. Economists believe the reason for this to be

Lack of capital in these developing countries

Too large populations

Distance to important markets

Poor quality of institutions

Lack of capital in these developing countries

Too large populations

Distance to important markets

Poor quality of institutions

Explanation / Answer

We have argued that one of the reasons we could be interested in macroeconomics and more specifically growth is because we may care about how we can see other countries succeed and get out of poverty. When we look at the data, we see that there are a number of countries, in particular in Africa, that for some reason have been unable to achieve the kind of growth that we would want them to experience. Economists believe the reason for this to be:

So to remove poverty, lack of capital these developing countries in African country is a prime cause.

So to remove poverty, too large population in African country is not a prime cause.

So to remove poverty, distance of local or global market in African country is not a prime cause.

So to remove poverty, poor quality of institution in African country is a prime cause.

Related Questions

Navigate

• Browse (All)
• Browse W
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.