Suppose an economy produces two products: meat pies and MP3s. In 2011, 20 meat pies are sold at $5 each, and eight MP3s are sold at $50 each.
September 3, 2020
Suppose that twenty-five years ago a country had noSuppose that twenty-five years ago a country had nominal GDP of $1,000, a GDP deflator of 200, and a population of 100.minal GDP of $1,000, a GDP deflator of 200, and a population of 100.
September 3, 2020

how did THIRD WORLD nations get into such serious foreign debt problems and what are the implications of this debt for both the economics of less developed and more developed nations?

why is there so much unemployment  in the THIRD WORLD, especially in the cities, and why do people continue to migrate to the cities from rural areas even through their chances of finding a job are very slim?

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