Other Economics Answers

8) How do many low- and middle-income countries get into serious foreign-debt problems, and what are the implications of debt problems for economic development? How do financial crises affect development?

Gross profit equals to?

13) What is microfinance, and what are its potential and limitations for reducing poverty and spurring grassroots development?

In at least three well composed paragraphs, please describe the effect that changes in business taxes, personal income, and transfer payments have on a country’s gross domestic product (GDP).

. As a rental for a building, the owner received two offers:

(A) P50000 a year for 8 years, the rental for each year paid at the start of the year

(B) P30000 the first year, P40000 the second year, P50000 the third year, and P60000 for

the next 5 years with all rentals paid at the beginning of each year.