Saved Bookmarks
| 1. |
Developing economies, like Nigeria’s, are in the process of moving from a(n) __________ to a(n) __________ economy. |
|
Answer» The economy of Nigeria is a middle-income, mixed economy and EMERGING market, with expanding manufacturing, financial, service, communications, technology and entertainment SECTORS.[25][citation needed] It is ranked as the 26th-largest economy in the world in terms of nominal GDP, and the 24th-largest in terms of purchasing power PARITY.[26] Nigeria has the largest economy in Africa; its re-emergent manufacturing sector became the largest on the continent in 2013, and it PRODUCES a large proportion of GOODS and services for the West African subcontinent.[27] In addition, the debt-to-GDP ratio is 16.075 percent as of 2019.[28] |
|