Unit 6 Assignment
PART 1: Comparing Long-Run Economic Growth Rates of Countries
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Use the Library and databases to conduct research to identify the key factors that determine long
term economic growth. You can find the most up-to-date reports on the economic growth trends
of different countries under the World Bank website linked below. Then identify and describe
possible factors that may explain the differences between the GDP growth rates and long-term
economic growth of the advanced and developing economies for the countries you selected.
For the purposes of this study, I compared the economies of Denmark and Angola. From the study, the
GDP for Denmark was $306.9 B as of 2016. In contrast, the GDP for Angola was $95.337B during the same
year. From 2015, Angola GDP has grown at an average rate of 1.5% while that of Denmark has actually
declined at an average of -0.5%. From a social indicator perspective, the population of Angola has grown over
the years from a mere 5.6 million in 1960 to almost 30 million by 2014. During the same period, the population
of Demark has expanded from by slightly over one million people rising from 4.6 million in 19060 to 5.7
million in 2014. Another social indicator is the under-five mor...