Identify the country type of economy

Question

• Identify its growth in output per capita and in population growth.

• Is it an open or closed economy?

• Identify its comparative advantage and whether it is involved in trade.

• Identify the country's type of economy—how their economy is a market, command, or mixed economy.

• Is the country's foreign exchange overvalued or undervalued? Has the central bank intervened in the foreign exchange market on behalf of the country's currency valuation?

• Using the information you gathered, discuss whether you believe the country is on a good course of economic growth and whether the macroeconomic policies are helping achieve this growth.