(Last Word) Discuss the Explanations Economists Give for the Slow

question 313

Essay

(Last Word) Discuss the explanations economists give for the slow recovery after the Great
Recession.

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Definitions:

World Bank

An international financial institution that provides loans and grants to the governments of poorer countries for the purpose of pursuing capital projects and economic development.

High-Income Economies

Countries with a gross national income per capita above a certain threshold, indicating a high level of economic prosperity.

Low-Income Economies

Economies characterized by their citizens earning significantly lower incomes on average, often measured by gross national income thresholds set by international institutions.

Economic Growth

is the increase in the inflation-adjusted market value of the goods and services produced by an economy over time.