Consumption effects of economic growth

Reference no: EM1373281

Countries in the developing world are often concerned that their terms of trade may worsen economic growth occurs. Regarding the analysis of the production and consumption effects of economic growth, on equal terms, what kind (s) must be the growth, and what kind of country ("large" or "small") is a country in developing in such a way that the terms of trade deterioration development, as the country grows?

Reference no: EM1373281

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