Economy in Bulgaria
What is the economy in Bulgaria like?
Expert
Bulgaria was rather hesitant in terms of embracing market reforms. Its economy suffered greatly after the fall of communism with standard of living dropping drastically. In the middle of 1990’s the economy improved and reforms were applied. Economic growth has been stable and steady, ranging from 5% to 7% later in 1990s. Currently its Gross Domestic Product (GDP) per capita is considerably above of most developing countries but still considerably lower than that of Eastern Europe's more developed economies which is not to mention the post-industrial economies of Western Europe. 15% of its GDP is still derived from agriculture, compared to less than 3% in most developed countries. Unemployment remains relatively high at almost 10% and the country receives roughly $475 billion in financial aid yearly. During the early 1990s, the country has overcome with many of the problems that have plagued the economy. Bulgaria remains ahead of most other quasi-developed or developing countries, yet lags behind other former communist nations such as the Hungary, Slovenia and Czech Republic.
Can someone please help me in finding out the accurate answer from the following question? The marginal resource cost for monopsonist in the labor market which can’t wage discriminate: (p) Is perfectly elastic. (q) Is perfectly inelastic. (r) Lies above the mark
Can someone help me in finding out the right answer from the given options. Firms which employ workers devoid of needing any form of either dues or union membership are: (i) Agency shops. (ii) Laissez-faire shops. (iii) Closed shops. (iv) Union shops. (v) Open shops.<
The contribution standard of income distribution: (w) sets the least efficient incentives for production. (x) is the distribution standard most compatible along with pure capitalism. (y) minimizes individual economic freedom. (z) is very complimented
In the year 2015, people begin utilizing dollar bills to wipe up messes as hyperinflation has driven the price of ‘real’ paper towels to $7,000 a roll. This is an illustration of: (1) The income result. (2) Diminishing the marginal utility
Elucidate the circular flow of Income in two sector model. Answer: There are just two sectors namely: Firms and households. Households give factor services to the fi
The demand for an undergraduate college education would rise from the perspective of college administrators when: (w) the federal government started paying half of the interest charged upon student loans. (x) grade inflation was reversed and the average grade earned b
Economists suppose that most monopolists wish for maximize: (i) accounting profit. (ii) the prices they charge. (iii) total revenue. (iv) economic profit. (v) output. I need a good answer on the topic of Ec
When both sellers and potential buyers suppose prices for rider lawn mowers to raise as summer approaches, in that case throughout March and April (in the short run), the equilibrium: (w) price falls but quantity changes are ambiguous. (x) price rises
Profit is maximized when this purely-competitive brickyard constructs at: (i) point a. (ii) point b. (iii) point c. (iv) point d. (v) point e. Q : Annuity of the Perpetuity Dividing the Dividing the annuity of the perpetuity by the interest rate gives in the perpetuity’s: (w) rate of return. (x) present value. (y) internal rate of discount. (z) capitalization rate. Can someo
Dividing the annuity of the perpetuity by the interest rate gives in the perpetuity’s: (w) rate of return. (x) present value. (y) internal rate of discount. (z) capitalization rate. Can someo
18,76,764
1949669 Asked
3,689
Active Tutors
1443623
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!