List and Explain the Three Fundamental Challenges in Statistics

question 10

Essay

List and explain the three fundamental challenges in statistics.

Grasp the concepts of GDP components and the significance of net exports.

Recognize the role and criticisms of international institutions such as the IMF and the World Bank.

Understand the dynamics and economic implications of off-shoring and global trade balance.

Identify the major exporters globally and understand the shift in global economic power.