Question: Despite the average person in Argentina maintaining a wealth level similar to their parent's generation (in inflation- adjusted terms), economists refer to Argentina's economic trajectory
Despite the average person in Argentina maintaining a wealth level similar to their parent's generation (in inflation- adjusted terms), economists refer to Argentina's economic trajectory as a "growth disaster." What is the primary reason for this characterization? Argentina's stable average wealth indicates a balanced economy that prevents it from the risks of steady growth, avoiding the categorization of a "miracle." ) Despite maintaining wealth, Argentina has significantly underperformed compared to its high potential. O The term "disaster" is used because Argentina's economic policies have focused too much on international trade, neglecting domestic growth. O Argentina's current wealth is solely due to inheritance from previous generations
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