Primary Task Response: Within the Discussion Board area, write 200–400 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas.
Choose a developing country, and discuss its economic growth in the last 2–3 years. Discuss whether you believe the country is on a good course of economic growth and whether the macroeconomic policies are helping achieve this growth. Include the following information:
- What is its GDP per capita and population growth?
- Is it an open or closed economy?
- The unemployment rate is an important economic indicator. Please review this video link https://www.sophia.org/tutorials/employment-reportunemployment-rate and discuss how your chosen countryâ€™s unemployment rate compares to that of America.
- Identify the percentage of GDP that comes from exports and imports and its major export and import.
- Identify the country’s type of economy: market, command, or mixed economy.
- Has the value of the country’s currency compared to the U.S. dollar changed in the past year?