Due to a slowdown in global growth, rising inflation, and other factors, Sub-Saharan Africa's economic growth is expected to fall from 4.1% in 2021 to 3.3% in 2022.
Hence, Option C is correct.
The Democratic Republic of the Congo, Burundi, Madagascar, the Central African Republic, and South Sudan all had extreme poverty rates exceeding 70%. South Sudan, the poorest country in Africa, had a rate of over 80%. Some people have done well.
21 out of 25 countries in the low-income group in 2020 were Sub-Saharan African economies, despite the fact that 11 Sub-Saharan African nations had been able to migrate from the low-income category to lower and upper-middle income groups over the previous three decades.
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Her gross income for the year would be $28,595
Answer:
a. $11,500
Explanation:
Since the total liabilities and owners equity is $44,750 instead of $11,750
And, we know that
Total assets = Total liabilities + owners equity
So, Total assets = $44,750
Now the equipment is
= Total assets - total current assets - land + accumulated depreciation of an equipment
= $44,750 - $19,800 - $15,000 + $1,550
= $11,500
Answer:
D. classical economists the adjustment of prices to changes in the money supply is instantaneous, while economists today argue that this adjustment process takes some time.
Explanation:
The difference between the classical and modern understanding of the price level is highlighted in the Classical and Keynesian theories. The Classical model assumes that the economy moves towards full employment and is self-adjusting. It also stipulates that prices and wages are flexible based on the demands at the present time. So it simply explains changes in the short-run which automatically resolve themselves without requiring and external help from the government or any other source.
The Keynesian model was developed after the Great Depression when there was massive unemployment. It holds that the economic output reflected in the real GDP, as well as price level, can remain below its optimum potential for a long period of time, thus requiring external factors to stabilize them. Therefore, the adjustment process takes some time to be fully resolved.
Answer:
The correct answer is a progressive tax policy.
Explanation:
A progressive tax policy means higher tax rates for people with higher incomes. Tax rates are based on the tax payers' ability to pay. Lower taxes are charged from people with lower incomes. It is helpful in income redistribution.
People with lower income share a higher portion of their income on basic necessities as compared to people with higher income levels.
