Analyze the impact of economic growth in a developing country such as Rwanda according to the case study "Rwanda:A success story" by USAID (2023)
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- List the areas where government policy can help economic growth.What distinguishes economic growth from economic development in the given case study titled "The Unprecedented Economic Growth and Development of Rwanda" authored by C. Nweze.What do you understand the difference to be between economic growth and economic development? Discuss the answer in comparable table format (12)
- There's quite a diverse set of countries in East Asia that have varying levels of development. According to GDP per capita, which of the following countries is a middle-income country? A) Cambodia B) Japan C) China D) SingaporeStarting from year 2023 and assuming that both the annual growth rates of RGDP and population will remain at the levels in the table below, choose the correct statement: Average RGDP growth Average population Country 2010-2019 (%) growth 2010-2019 (%) China 7.68 0.56 India 6.62 1.23 Vietnam 6.58 1.02 Singapore 4.99 1.34 Data Source: World Bank O India will double its real GDP per person in 2036. Vietnam will double its real GDP per person in 2036. O Singapore will double its real GDP per person in 2043, while China 10 years earlier. O All the aboveTrue/ False Economic development refers to the growth of the GDP of an nation.
- Some of the ways that industrially advanced countries (ACS) can help developing countries (DVCS) in achieving faster economic growth include the following, except Expanding trade Subsidizing their own agricultural sectors Admitting in more temporary workers Discouraging arms salesQ3: Explain the notion of the hidden momentum of population growth. Why is this an important concept for projecting future population trends in different developing nations?Consider the estimates that the World Bank has assembled for the following nations. Legal Steps Required Start a Business Cost of Starting a Business as a Percentage of Percentage of Per Capita GDP 833% 57% 16% 270% Days Required to Start a Business Country Angola Bosnia-Herzegovina Morocco 14 146 12 56 11 37 Тogo Uruguay 14 65 10 27 42% The nations can be ranked from the highest to the lowest expected economic growth rate as V, other things being equal.
