Question

You are an economic consultant and have been contacted by an official from a developing country. She tells you that her country’s economy is currently growing at 2 percent per year. She asks you how long it will take for her country’s economy to double in size; you tell her it will take 35 years. She then asks you what the government can do to shorten the time necessary to double the size of the country’s economy. What should you tell her?

Answer 1

Answer:

Encourage the development of growth-positive institutions.

Explanation:

Base on the scenario been described in the question, when she ask you She then asks you what the government can do to shorten the time necessary to double the size of the country’s economy, the best answer you can give to her is to encourage the development of growth-positive institutions. Because this is what will shorten shorten the time necessary to double the size of the country’s economy.