Economy in Bulgaria
What is the economy in Bulgaria like?
Expert
Bulgaria was rather hesitant in terms of embracing market reforms. Its economy suffered greatly after the fall of communism with standard of living dropping drastically. In the middle of 1990’s the economy improved and reforms were applied. Economic growth has been stable and steady, ranging from 5% to 7% later in 1990s. Currently its Gross Domestic Product (GDP) per capita is considerably above of most developing countries but still considerably lower than that of Eastern Europe's more developed economies which is not to mention the post-industrial economies of Western Europe. 15% of its GDP is still derived from agriculture, compared to less than 3% in most developed countries. Unemployment remains relatively high at almost 10% and the country receives roughly $475 billion in financial aid yearly. During the early 1990s, the country has overcome with many of the problems that have plagued the economy. Bulgaria remains ahead of most other quasi-developed or developing countries, yet lags behind other former communist nations such as the Hungary, Slovenia and Czech Republic.
Nominal interest rates are: (w) always identical to real interest rates. (x) the percentage of monetary premiums paid per time era for the use of money. (y) determined by the size of economic rents. (z) the percentage of purchasing power transferred b
A firm along with market power faces a downward sloping demand curve since: (w) selling more of the good needs a price cut. (x) marginal revenue should equal average revenue. (y) only pure monopolies face horizontal demand curves. (z)
Hey FRIEND I need your help for query as given below: The price elasticity beside a horizontal demand curve is constant at: (w) zero. (x) infinity. (y) 1. (z) -1. Can someone ex
A purely competitive firm: (w) faces a perfectly inelastic demand curve. (x) sets its own price. (y) is a price taker. (z) sells a differentiated product. Can someone explain/help me with best solution about proble
Please provide me answer of this question. What will be the implications for consumer's preferences and her indifference curves if the axiom of transitivity does not hold?
Can someone help me in finding out the right answer from the given options. The Minimum wage laws are most probable to increase the equilibrium employment when a firm has been exercising: (1) Monopoly power and price discrimination. (2) Employee choice in markets for
The Diamante Corporation is vast and owns the world’s merely red diamond mine. Thus diamante monopolizes the market for red diamonds, and this is protected by competition by a: (1) regulatory barrier to entry. (2) strategic barrier to entry. (3) natural barrier
When you buy a bond if the interest rate is 10% and sell this while the interest rate is 15%, in that case you will receive: (w) less than you paid for the bond. (x) more than you paid for the bond. (y) the same amount which you paid for the bond. (z)
The LEAST liquid of the given assets is: (1) a corporation's capital. (2) savings accounts. (3) cash. (4) U.S. savings bonds. (5) checking accounts. Hey friends please give your opinion for the problem of E
Demands for alcoholic and tobacco beverages tend to be relatively price inelastic and income inelastic. There per unit “sin taxes” upon these products will share out the tax burden: (i) proportionally among high-income and
18,76,764
1951899 Asked
3,689
Active Tutors
1424192
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!