Question

Sweden invests more on education as a share of its GDP than almost any other country in the world. Sweden has among the highest primary school enrollment rates and primary school completion rates. The Swedish economy is also driven by innovation and they invest in research and development. Most businesses are privately owned and market-oriented. Education, health care, and child care costs are primarily met by taxation. Sweden is highly dependent on free international trade to maintain its living standard. Sweden also high a long growing season for agriculture and a large timber industry. True or False - Sweden has high economic growth. True False

Answer 1

Answer:

True

Explanation:

Sweden invests more on education as a share of its GDP than almost any other country in the world by spending almost 7.6% of its GDP on education.

Sweden has among the highest primary school enrollment rates and primary school completion rates.

The Swedish economy is also driven by innovation and they invest in research and development. Most businesses are privately owned and market-oriented. Education, health care, and child care costs are primarily met by taxation. Sweden is highly dependent on free international trade to maintain its living standard. Sweden also high a long growing season for agriculture and a large timber industry.

Sweden has high economic growth and considered to be one of the most highly developed post-industrial societies in the world with a GDP growth of 2.2%; 1.2% in 2018 and 2019

Sweden is among the twenty (20) richest countries in the world