ECON 1 Lecture Notes - Lecture 1: Ecopetrol, 1918 Flu Pandemic, Basicneeds
3 May 2020
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Document Summary
Howc can the economic impact of covid-19 in colombia be reduced and how is its. Today the world is fighting a new pandemic that has put the world economy in check, and clearly, colombia is no exception in this chain reaction, and this will be our reason for study in this writing. On the other hand, another impact can be studied that. 21% of colombia"s external debt is issued in dollars. Clearly, the rise of the dollar to record values increased colombia"s debt exponentially, directly affecting the government"s finances. Less , this impact in that the economy would return a little bit indecipherable in how much its ranges elastics and inelastic of the demand, what would depend practically of the capacity purchasing of the. Populationfor many sectors population poor and the vulnerable population demand will elastic. Already that by see the rise in the products fewer your demand a difference of those who yes have.
