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- 1. Haiti is one of the poorest countries in the world. Suppose you were asked to be an advisor to the policymakers of Haiti. Please briefly discuss two policies that you would recommend to them to promote economic development in their country.Briefly describe the term" developed countries"What is economic development? Briefly explain the concept of economic development.
- Q. 4 Under a developing economy, an analysist assigned you to calculate the followings for the further development of the economy of the country: a) GDPMP b) GNPFC c) NNPMP d) NNPFC The items are as follows: Amount in crores Value of output Rs. 100000 Depreciation Rs 6000 Indirect taxes Rs 6000 Subsidies Rs 1000 Intermediate consumption Rs 24000What are the phases of economic development? Why is it important to understand the specific steps related to these.?What is GDP per capita? What for do we use GDP per capita?