ECONOMICS
TECHNOLOGY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Focusing on saving, not spending
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Spending billions to train its workforce and update its factories
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Spending billions to build defenses for possible wars.
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None of the above
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Detailed explanation-1: -Developing a more balanced portfolio of national assets, namely natural resources, capital and economic institutions, can help Russia overcome structural constraints to growth.
Detailed explanation-2: -The Russian Federation had multiple economic reforms, including privatization and market and trade liberalization due to the collapse of communism. The economy is much more stable than in the early 1990s, but inflation still remains an issue for Russia.
Detailed explanation-3: -It is an important indicator of the economic strength of a country. In 2021, the GDP per capita in Russia was around 12, 218.7 U.S. dollars.
Detailed explanation-4: -In 2021, agriculture contributed around 3.8 percent to the GDP of Russia, 33.16 percent came from the industry and 52.91 percent from the service sector. Russia is one of the so-called BRIC countries, the four major emerging markets.