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Imagine you are the US Ambassador to a country of your choice. A US ambassador officially represents the US government on behalf of the president, maintains diplomatic relations, helps promote peace, trade, and the exchange of information.
In a short essay (300 to 500 words), write a brief summary of the economic health of the country to which you are an ambassador. Include information such as: GDP, GDP per capita, GDP growth rate, the natural rate of unemployment, main exports and industries.
- What factors contribute to economic growth?
- What factors hinder economic growth?
- Do you think the GDP per capita is a close representation of the average citizen’s standard of living? Why or why not?
- What policies and ideas would you recommend to promote economic growth? (Be specific)
You may choose to write about any country. However, if three students have already written about a country you would like to write about, please choose a different country. This is on a first-come, first-served basis. To submit the assignment, click on the “reply” button below and type in your writing assignment.
Economic Review: ECUADOR
Ecuador is one of the countries located in the South America. It is located almost in the equator, having its climate hot. As of 2021, Ecuador’s GDP is valued at $192.8 billion US dollars (heritage.org). It is ranked number 126