Asked by Taylyn Vences on Apr 28, 2024
Verified
In what sense is it likely that geography has an effect on a country's rate of economic growth?
Rate Of Economic Growth
The increase in the market value of the goods and services produced by an economy over time, usually measured as the percentage increase in real gross domestic product (GDP).
- Recognize the determinants that lead to varying economic growth rates between countries.
Verified Answer
JC
jetta cameron-pazMay 03, 2024
Final Answer :
Countries with natural seaports and easy access to the sea are more likely to engage in trade with other nations. In turn, free trade promotes economic growth and higher living standards.
Learning Objectives
- Recognize the determinants that lead to varying economic growth rates between countries.
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