Economics · Oct / Nov 2024 · Paper 22 · Question 3
2281
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The question as text
The central bank of Madagascar intervenes in the country’s foreign exchange market. However, Madagascar has a largely market economic system. Nearly 70% of Madagascar’s population live in poverty. Most of the country’s industries are labour-intensive. In 2020, Madagascar had an economic growth rate of 6% and a deficit on the current account of its balance of payments of $0.6bn.
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3(a)[2]
3(b)[4]
3(c)[6]
3(d)[8]
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