With charm and wit, he shows how this tool measures societies across the three dimensions that actually matter.
Some future directions in this respect are suggested at the end.
Otherwise, what you did in Step 6 should help you decide which of them to apply and which of them to ignore.
Step 8: Organise the relevant economic theories and concepts that you have decided to apply in such a way that there is a structure to the answer.
Example (A Paragraph of the Body) The growth of the Chinese economy may lead to a deterioration in the balance of payments of Singapore.
The balance of payments is a record of all the transactions between the residents of the economy and the rest of the world over a period of time and is made up of the current account and the capital and financial account.