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What are the indicators of development?
Economic development is a complicated multi-dimensional idea. Preferably each aspect of development needs its own indicator.
• Professor Dudley Seers argues development is regarding outcomes that are development occurs along with the reduction and exclusion of poverty, inequality and unemployment into a growing economy.
• Professor Michael Todaro is related with outcomes and sees three goals of development:
a. Producing more life sustaining requirements as like food shelter and health care and broadening their distribution
b. Increase SoL and individual self esteem
c. Increasing economic and social choice and decreasing fear.
The economy of Mainland has the following aggregate and aggregate supply schedules: Real GDP Demanded Real GDP Supplie
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Consider the following model of an economy that begins in a macro equilibrium,
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what are the effects of interest rate in the economy of south africa in unemployment, economic groth, employment. and economic growth
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