Which country is not a transitional economy ?
Correct answer: D. Mexico
- A. china
- B. Russia
- C. Hungary
- D. Mexico
Explanation
China, Russia, and Hungary are commonly classified as transitional economies because they moved from centrally planned systems toward market-based systems. Mexico is generally classified as a developing or emerging market economy, not a transitional economy in this sense.
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The economy is studied as a whole through national income, gross domestic product, inflation, unemployment, economic growth and business cycles. Coverage includes aggregate demand and supply, consumption and investment, money and banking, fiscal and monetary policy, exchange rates and balance of payments, which distinguishes macroeconomics from the study of individual markets.
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