BERNARD ROAD
Nassau, Bahamas
COURSE: ECO 228 –INTRO TO ECONOMICS
Submitted to: Prof. Moniquell Johnson
Submitted by: Leneka Adams
Date of Submission: Septemeber 3rd 2014
ASSIGNMENT: WHAT IS WRONG WITH THE BAHAMAIAN ECONOMY?
CERTIFICATION OF AUTHORSHIP: I certify that I am the author of this paper and that any assistance I received in its preparation is fully acknowledged and disclosed whether quoted directly or paraphrased. I also certify that this paper was prepared by me specifically for this course.
Student’s Signature: ______ ____________________________
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Instructor’s Grade on Assignment:____________________________________
Instructor’s Comments:
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An economy or economic system consists of the production, distribution or trade and consumption of limited goods and services by different agents in a geographical location. Economic growth is the increase in the market value of the goods and services produced by an economy overtime. It is conventionally measured as the percent rate of increase in real gross domestic product or GDP. We live in a