Economic transformation entails the development from an underdeveloped state to a developed state. It involves structural changes in all sectors, institutions and aspects of the economy such as low per capita income, low to high growth rate of the GDP. According to experts, there is a close collaboration between economic growth and structural changes
Dana05 answered the question on July 3, 2019 at 11:12
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What is underdevelopment as used in economic development
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What is underdevelopment as used in economic development
Date posted:
July 3, 2019
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Discuss any five obstacles to economic growth and economic development
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Discuss any five obstacles to economic growth and economic development
Date posted:
July 3, 2019
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Highlight the disadvantages of using social indicators as a measure of economic development
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Highlight the disadvantages of using social indicators as a measure of economic development
Date posted:
July 3, 2019
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Identify the disadvantages of Gross Domestic Product per capita and Gross National Product per capita
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Identify the disadvantages of Gross Domestic Product per capita and Gross National Product per capita
Date posted:
July 3, 2019
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State the advantages of Gross Domestic Product per capita and Gross National Product per capita
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State the advantages of Gross Domestic Product per capita and Gross National Product per capita
Date posted:
July 3, 2019
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Answers (1)
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Highlight the problems associated with using Gross Domestic Product and Gross National Product as indicators of economic development
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Highlight the problems associated with using Gross Domestic Product and Gross National Product as indicators of economic development
Date posted:
July 3, 2019
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Give the definition of net property returns from abroad
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Give the definition of net property returns from abroad
Date posted:
July 3, 2019
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Give the definition Purchasing Power Parity
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Give the definition Purchasing Power Parity
Date posted:
July 3, 2019
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How is the Gross Domestic Product deflator calculated?
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How is the Gross Domestic Product deflator calculated?
Date posted:
July 3, 2019
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Give the definition of Gross Domestic Product deflator
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Give the definition of Gross Domestic Product deflator
Date posted:
July 3, 2019
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What is a base year?
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What is a base year?
Date posted:
July 3, 2019
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Differentiate between nominal Gross Domestic Product and real Gross Domestic Product
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Differentiate between nominal Gross Domestic Product and real Gross Domestic Product
Date posted:
July 3, 2019
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Why is it important to adjust the Gross Domestic Product figure?
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Why is it important to adjust the Gross Domestic Product figure?
Date posted:
July 3, 2019
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Identify the three approaches in which a country can compute Gross Domestic Product
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Identify the three approaches in which a country can compute Gross Domestic Product
Date posted:
July 3, 2019
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Describe any three indicators of economic development
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Describe any three indicators of economic development
Date posted:
July 3, 2019
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Highlight the requirements for economic development to take place
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Highlight the requirements for economic development to take place
Date posted:
July 3, 2019
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What the objectives of economic development?
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What the objectives of economic development?
Date posted:
July 3, 2019
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Briefly explain any five differences between economic growth and economic development
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Briefly explain any five differences between economic growth and economic development
Date posted:
July 3, 2019
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Briefly discuss the factors that determine economic development
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Briefly discuss the factors that determine economic development
Date posted:
July 3, 2019
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Give the definition of economic development
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Give the definition of economic development
Date posted:
July 3, 2019
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Answers (1)