39: The Structure of the Balance of Payments

40: The Changing Patterns of Exports and Imports and Effects on the Balance of Payments

41: Exchange Rates and the Reasons for its Fluctuations

The Rate of Exchange The Rate of Exchange refers to the price of a country’s currency expressed in terms of some other currency.  The Rate of Exchange of the US Dollar to the Maldivian Rufi…

42: Developed and Developing Economies and Reasons for Different Stages of Development

Demographic Transition Under Developed Countries (LDCs) have a high birth rate and a high death rate Developing Countries have a falling death rate and a relatively falling birth rate Develo…

43: The Growth of Population

1. Birth Rate It refers to the number of live births per thousand of population per year. It is often known as Crude Birth Rate (CBR). CBR = Number of Live Births X 1000 / Total Populati…

44: Economic Effects of Changes in the Size and Structure of Population

Arguments for the Growth of Population It increase labour force It fasten the mobility of labour It increase demand for goods and services It leads to expansion of the home market It e…

46: Simple Measures and Indicators of Comparative Living Standards

The following are some measures and indicators of comparative living standards; Gross Domestic Product Life Expectancy Per Capita Income Literacy Rate Productivity Capacity Purchasi…