1. what is Bangladesh level of gdp and the growth of gap for at least 10-15...

1. what is Bangladesh level of gdp and the growth of gap for at least 10-15 years

2. what is Bangladesh savings ratio, investment and trade ratio.

Expert Solution

Ans).1 .Bangladesh economy is the the developing economy as it is in the phase of transmission. The economy is the 39th big economy in the world in nominal terms. The current GDP of bangladesh $ 348 bn in the year 2020.Since the year 2004 bangladesh economy has growth at a rate of 6.5%.As there was a large exports of ready made garments and majorly agriculture activity also the credit is also given to the export promotional indutrialisation. Bangladesh historically has a larger trade deficit which is financed by remmittance and foreign aids. The growth of GDP can be broken into growth in labour force and the growth in productivity of the labour force. Growth in labourforce is due to the immigration of workers and increase in the number of people looking for work. Labour productivity is a concept related to the efficiency of workforce , which is due to the human resource development.Labour productivity was below 4% in bangladest before 10-15 years and it has now reached 6%. It is a fact that in 75% of cases when labour productivity is more than 6 % than the GDP growth rate is 8 . Labour productivity is an important tool to analyse the GDP Gap with the developed economies.in 2001-2002 there was a drop in foreign direct investment.After the loan given by the World bank and IMF the economy of Bangladesh grow at a rate of 5 %. There was a decrease in foreign reserve in 2001 but after 2007 the reserve started to increase $ 3.74 billion. The reservese reach $30 billion in 2016.

Ans 2) Bangladesh saving ratio is 29.5%

Bangladesh investment ratio 31.6 % as of nominal GDP in june 2019 in both the above cases.

Bangladesh trade ratio was 38.4% to nominal GDP in the year 2018 with an increase of 2.94% from 2017.

Rahul Sunny answered 7 months ago

What does the model predict economic growth? What does it predict the level of GDP?

Solow model without ideas accumulation Consider the simple Solow model without ideas accumulation in the long term (steady-state). What does the model predict economic growth? What does it predict the level of GDP?

In the last 15 years, Bangladesh has seen rapid industrial development and export growth, mostly in...

In the last 15 years, Bangladesh has seen rapid industrial development and export growth, mostly in the garment industry. According to the readings and class notes, (a) working conditions, industrial accidents and wages are among the worst in Asia. Discuss. (b) Nevertheless, social conditions mostly exceed those in the rest of South Asia and have improved dramatically over the years, in large part because of NGOs. Discuss.

What is the current level of annualized inflation, unemployment rate, and annual real GDP growth in...

What is the current level of annualized inflation, unemployment rate, and annual real GDP growth in the U.S.? What is the five-year historical high and low for each variable? What is the outlook for each variable for the next year? Cite your sources. How does each variable compare to other developed nations and emerging markets? Cite your sources.

According to economic growth theory, the level of the GDP and the rate of the real...

According to economic growth theory, the level of the GDP and the rate of the real GDP growth rate have different economic implications about the economic well-being of a country. If you are given the options, would you rather live in a nation with a high level of GDP and a low growth rate or in a nation with a low level of GDP and a high growth rate? Why? Economists consider education as an investment that has both private...

What is the relationship between inflation, nominal GDP growth and real GDP growth?

What is the current GDP growth rate? Also, examine the trend of GDP growth over the...

What is the current GDP growth rate? Also, examine the trend of GDP growth over the past few years. What stage of the business cycle is the U.S. economy currently in given the trend of GDP growth? What components of GDP tend to decline significantly during recessions (particularly during the 2008 recession), and what GDP components rise during expansion? In other words, what aspects of GDP are mostly affected when the economy slows down, and why?

What is the effect of population growth on GDP?

What is the effect of population growth on GDP? Give reason with details.

most development economists concur that the level and rate of GDP growth of and per capita...

most development economists concur that the level and rate of GDP growth of and per capita income are not sufficient measures of a country's development. What is the essence of their argument

1. Draw and explain the business cycle. Explain the GDP gap and why it is a...

1. Draw and explain the business cycle. Explain the GDP gap and why it is a problem. What do the average people experience when there is a recessionary gap? 2. What institutions have developed over the years to minimize uncertainty and shocks? Why is this important to do?

What is the current GDP growth rate? Also, examine the trend of GDP growth over the past few years.

What is the current GDP growth rate? Also, examine the trend of GDP growth over the past few years. What stage of the business cycle is the U.S. economy currently in given the trend of GDP growth?

Question