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  Unit One: Overview | Introducing Growth & GDP | Per Capita Income | Distribution of Income | Growth & Policy


  Exercise: Economic Policy, Growth and Distribution of Income


 

The table below presents notes about the degree of control exercised by the government in each country over its market system from 1991-1999. (A blank version of this table is presented on the broadband counterpart to ths page; students with broadband access are encouraged to use the Commanding Heights Online Time-Map to fill it in.) Use the completed table in conjunction with your GDP Growth calculations to answer the questions below.

Braziloutward development throughout the period 1991-1999
Chileoutward development throughout the period 1991-1999
Chinamoving from a command economy to a directed market during this period
Mexicooutward development throughout the period 1991-1999
Swedensocial market throughout the period
Tanzaniaoutward development throughout the period 1991-1999
United Statesliberal market throughout the period

  Questions for Discussion
 

  1. Does the degree of government control of markets explain the rate of economic growth in each country? Give reasons to support your statement.

  2. Do you think there is a single factor that explains the differences in economic growth, or that a number of factors influence economic growth?

  3. What other factors might influence differences in the rates of economic growth?



  Answer key

  Unit One: Overview | Introducing Growth & GDP | Per Capita Income | Distribution of Income | Growth & Policy


 
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