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First of all you have to be aware of the 5 macro economic goals in an economy which are as following:
1. Low unemployment rate
2. Stable Prive level (low or no inflation)
3. Sustainable economic growth
4. Even distribution of income
5. Balance of payments (external balance :exports/imports)
Having this in mind, use a developed country such as Sweden (or another that you know better) as an example to think through the 5 goals.
-Sweden has an unemployment rate of about 7.7%, which is low compared to other countries, but considering that in 2008 the rate was 5.8%, Sweden has potential to supply more jobs to their potential workforce.
-America has an above average UNEVEN distribution of income, meaning that even though the country is considered developed, there is a large gap between the rich and the poor.
Google "the lorenz curve" to learn more about this
What else can I help you with?
What are some common economics problems faced by developing countries?
Some common economic problems faced by developing countries include poverty, income inequality, lack of infrastructure, limited access to education and healthcare, high unemployment rates, inflation, and debt. These issues can hinder economic growth and development in these countries.
What Field of economic deals with the problem faced by low income countries?
Economic development
What are the central economic problems?
the central economic problems faced by the economy are what to produce,how to produce,for whom to produce,how to achieve the fuller utilisation of resources
Problems faced by Multinational companies in host countries?
There are many problems faced by multinational companies in host countries. The main problem is the huge cost of labor in the host country so as to be able to coordinate the other branches in other countries.
How did economic activity in the Old Northwest change?
Economies exposed to international market, the exporters are facing high domestic cost and reducing profit margin as the value of Dollar is dropping fast. The uncertainty and complexity of inflation and dented growth in the developed countries further squeezed the order volume of these manufacturers. To illustrate, imagine three main economic problems faced by world economies, world inflation, truncated growth and lower economic activity.
What are the problems faced by the less developed countries?
Less developed countries often face challenges such as poverty, inadequate infrastructure, limited access to education and healthcare, political instability, and environmental degradation. These factors can hinder economic growth, social development, and overall well-being of the population in these countries.
What problems did the U.S. face entering World War 1?
After the World War 1, the United States was faced with economic problems. The country had to train, educate, and employ the people.
What are some common economics problems faced by developing countries?
Some common economic problems faced by developing countries include poverty, income inequality, lack of infrastructure, limited access to education and healthcare, high unemployment rates, inflation, and debt. These issues can hinder economic growth and development in these countries.
What problems faced Ford and carter?
Carter and Ford both faced economic problems but neither could solve the problems.
What Field of economic deals with the problem faced by low income countries?
Economic development
Why have countries in central Asia faced economic problems?
These were some of the poorest countries in the world. When they gained Independence they had a hard time standing on their own. Also economic practices during the soviet era have created problems. And central Asia is home to many types of people that have hatred for eachother , so that pretty much craeted problems.
What are the central economic problems?
the central economic problems faced by the economy are what to produce,how to produce,for whom to produce,how to achieve the fuller utilisation of resources
What problems do children have in third world countries?
They faced death
What economic problems faced the new nation?
They faced multiple problems...though the main ones were national debt,and the arguments over Government power balance.
What were four problems that the french directory faced?
Political Military Economic Legislative
What are problems faced by the non aligned countries?
poverty, literacy,health
Problems faced by Multinational companies in host countries?
There are many problems faced by multinational companies in host countries. The main problem is the huge cost of labor in the host country so as to be able to coordinate the other branches in other countries.
