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Celine Balgobin
on Nov 22, 2024

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Chiresia, a country in Southeast Asia, is experiencing a decline in gross domestic product (GDP) growth rate. Which of the following is most likely a reason for its slow economic growth?

A) Adoption of a floating exchange rate
B) Increase in large discretionary purchases
C) Decline in private consumption and investment
D) Deregulation of industries

Gross Domestic Product

The sum value in currency or market terms of every finished product and service created within a country during a specified period.

Economic Growth

An increase in the production of goods and services in an economy over a period of time, often measured by GDP growth.

Private Consumption

The spending on goods and services by households for their own use.

  • Pinpoint the criteria used to judge the economic health of countries.
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Nerea BerbelNov 29, 2024
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