Answer: higher standard of living
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Which of the following causes the most problems in countries with low economic growth?
Tue May 12 2020 · Latin American and Caribbean countries were already facing low economic growth before COVID-19 with the region averaging 0.4% of growth in 2019 due to what was described as "a vicious circle of low -quality jobs deficient social protection and volatile incomes" with one out of five in the ages of 14-25 being unable to find a job.
The economic growth rate is calculated from data on GDP estimated by countries' statistical agencies. The rate of growth of GDP per capita is calculated from data on GDP and people for the initial and final periods included in the analysis of the analyst.
The economic growth rate is calculated from data on GDP estimated by countries' statistical agencies. The rate of growth of GDP per capita is calculated from data on GDP and people for the initial and final periods included in the analysis of the analyst.
• The years following the Panic of 1873 known as the Long Depression were followed by periods of stagnation intermixed with surges of growth until steadier growth resumed around 1896. The period was characterized by business bankruptcies low interest rates and deflation. According to David Ames Wells (1891) the economic problems were the result of rapid changes in technology such as railroads steam-powered ocean ships steel displacing iron and the telegraphsystem. Because there was so much econ…
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The problems of economic growth have been discussed by numerous growth models including the Harrod-Domar model the neoclassical growth models of Solow and Swan and the Cambridge growth models of Kaldor and Joan Robinson. This part of the economic problem is studied in …
United States. Among the causes were the 1973 oil crisis and the fall of the Bretton Woods system after the Nixon Shock. The emergence of newly industrialized countries increased competition in the metal industry triggering a steel crisi...
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