Would you expect the demand for developing countries raw material exports to grow more rapidly or more

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Would you expect the demand for developing countries’ raw material exports to grow more rapidly or more slowly over time than world GDP? Does the growth over time in raw material exports give a good indication as to their income elasticity of demand?

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Economics

ISBN: 978-1292187853

10th edition

Authors: John Sloman, Jon Guest, Dean Garratt

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