What distinguishes economic growth from economic development in the given case study titled "The Unprecedented Economic Growth and Development of Rwanda" authored by C. Nweze.
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- Explain the difference between economic growth and economic developmentDoes economic growth mean economic development? DiscussWhich organization conducts economic analysis and policy advice for its member countries, aiming to promote economic growth and development? A) International Monetary Fund (IMF) B) World Bank C) World Trade Organization (WTO) D) Asian Development Bank (ADB)
- Differentiate between economic growth and economic development. Critically analyze some challenges in the economic development in the Philippines at present.Starting from year 2023 and assuming that both the annual growth rates of RGDP and population will remain at the levels in the table below, choose the correct statement: Average RGDP growth Average population Country 2010-2019 (%) growth 2010-2019 (%) China 7.68 0.56 India 6.62 1.23 Vietnam 6.58 1.02 Singapore 4.99 1.34 Data Source: World Bank O India will double its real GDP per person in 2036. Vietnam will double its real GDP per person in 2036. O Singapore will double its real GDP per person in 2043, while China 10 years earlier. O All the aboveDescribe the relationship between economic freedom and economic growth.