Economy of russia
Economy of russiaThe phase in the business cycle that Russia is in is Prosperity.
Prosperity is the high point of the business cycle. The Gross Domestic
Product is 796 billion dollars. Russia is partners with Germany in
exporting and importing. The number of imports is 33 billion and the
number of exports are 66 billion. The National Budget is 56.6 billion
dollars. They have 1 radio per 2.9 people. They also have 1 Telephone per
5.9 people. Russia’s education is free and compulsory through ages 7 to
17. The unemployment rate is 8 percent. The inflation rate is 85 percent
and possibly more if monetary policy is relaxed. Russia was mostly an
agricultural country until the late 19th century, when industrialization
began, in European Russia. Economic development was then interrupted
by World War 1 and the Civil War that followed. Modern development
was initiated by Stalin, whose frantic industrialization drive in the 1930’s
made the Soviet Union an industrial giant. Under Stalin and his
successors, the less settled frontier regions of Central Asia and Siberia were
developed. Several of the world’s largest dams were built on in the former
Soviet Union, and the world’s first atomic station was opened in 1954. By
the 1980’s about 40 nuclear reactors were operating in the Soviet Union.
In the late 1970’s the economic backwardness of the Soviet Union had
become so self evident that no amount of political propaganda could
obscure...
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