Homework Answers
Answer is option A).
By having very high levels of capital (both physical & human ) a country can have higher level of Research & Development using both physical and human capital , thus productivity growth factors can rise by continuous innovation levels.
Having higher per capita GDP or gdp growth doesn't imply that a country can grow continuously .
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many rich countries already have very high levels of physical and human capital, they are able...
The convergence theory suggests: that poorer countries will grow faster than rich ones. all countries eventually...
The convergence theory suggests: that poorer countries will grow faster than rich ones. all countries eventually will experience the same rate of growth. countries may have the same rate of growth but differing levels of income. All of these are true. The input that is generally hard to measure directly and consequently can be reasonably estimated with the growth accounting equation is: physical capital. technology. land. labor. If a nation has a higher level of technology than another nation it...
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statements as true or false. 1. All else equal, countries with more natural resources have a...
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Federal Reserve Bank of St. Louis Page One Economics®: “Why Are Some Countries Rich and Others...
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a. If increases in capital per worker lead to increased output per worker, but at a...
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no explenation needed: Q1. If an economist wants to quickly assess the standards of living in...
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