c. The paper "Financial Structure and Growth" discusses the impact of financial structure of the countries on GDP growth i.e., whether different countries are bank-oriented or market-oriented countries and what impact it has on the real GDP growth of these countries. In light of this paper, please explain the method for classifying countries as Bank-Oriented or Market-Oriented countries.

c. The paper "Financial Structure and Growth" discusses the impact of financial structure of the countries on GDP growth i.e., whether different countries are bank-oriented or market-oriented countries and what impact it has on the real GDP growth of these countries. In light of this paper, please explain the method for classifying countries as Bank-Oriented or Market-Oriented countries.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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In 2018, India was the world’s seventh largest economy, with a $2.69 trillion GDP (as measured in U.S. dollars). India was also one of the world’s fastest-growing economies, with an annual growth rate of real GDP of 7.3%. a. If the country maintains the same growth rate, how many years will it take for India’s GDP to double? b. Bangladesh’s GDP was $286.27 billion, but its growth rate was equal to India’s. How many years will it take for Bangladesh’s economy to double? c. Although Bangladesh and India have the same annual growth rate, their economies are much different in size. How can you explain the size difference to someone who is unfamiliar with scaling large numbers? Which strategies would you use?
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