Why growth rates-developed nations lower than poorer nations


What factors might contribute to a low growth rates in a country? Why do some poor countries, such as Botswana, experience higher growth rates than others when all face the same challenges such as the HIV epidemic? How does GDP growth (GDP growth (annual %)) compare across developed countries such as the U.S. and poorer countries such as Nigeria. Why might growth rates of developed nations be lower than those of poorer countries?

Request for Solution File

Ask an Expert for Answer!!
Microeconomics: Why growth rates-developed nations lower than poorer nations
Reference No:- TGS053213

Expected delivery within 24 Hours