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Raghuram Rajan (July 2020):

with respect to fiscal support to deal with the pandemic and economic crisis, industrial economies have, on average, deployed 20% of GDP worth of measures; for emerging market economies, that number is 5% of GDP; for developing economies, it is 1%.

What criteria is Rajan using with the above categorization of countries into "industrial", "emerging", and "developing"? Which countries fall in each category?

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