Economics-A

=** Economics of Argentina **= **Brief History of the Economy of Argentina** Argentina's economy benefits from the mass amounts of natural resouces, a very higly literate population of citizens and the amount of eported agricultural goods. The country of Argentina once had a large middle class compared to other Latin America countries. However the amount of people in the middle class has gone down because of economic crises. In 1991 the country decided to limit the growth of money supply. The country then decided to take part in trade liberalization, deregulation an privatization. This helped lower inflation but the external economic shocks and failures of the system still put strain on the economy. By 2002 things had gotten even worse where unemployment was more than 25%. The country used careful spending control and heavy taxing that allowed the region to get back on the track of success. In 2003, import substitution and a mass aount of exports helped lower inflation. This process was done again in 2004 and 2005 creating millions of jobs for the citizens of Argentina. the situation was improved and under control in 2006.

** Average income in Argentina ** The average income of a citizen of Argentina is $10,500
 * Average monthly wages:**


 * With an academic degree: AR $813
 * High School diploma: AR $539
 * High School not completed: Ar $388
 * Primary school completed: AR $353
 * Primary school not completed: AR $279
 * Median Salary by Job**

**Gross National Product in Argentina** Argentina is ranked 33 with a gross national product of $173 billion.

Manufacturing is the nation's leading sector in GDP. The country manufactures motor vehicles and transportation farming equipment (7% of exports), iron and steel (3%), foodstuffs and textiles (2%). Other manufactures of the country include cement, home appliances, industrial chemicals and processed wood.

The major crops of the country are cotton, tobacco, strawberries, oranges and other fruits and vegetables.

Tourism is also increasing causes a boost in the country's economy.


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