Which of the following is the most likely explanation for the United States' steady-state GDP per...
Which of the following is the most likely explanation for the
United States' steady-state GDP per
worker being lower than that of Qatar?
The United States has a larger population.
Qatar has a lower depreciation rate than the US.
The United States is more productive than Qatar.
Qatar has a lower savings rate than the US.
Homework Answers
The United States has a larger population.
(GDP per worker is found by dividing GDP by population. So, if population is larger, GDP per worker will be lower. Thus, larger population of US is the most likely explanation for its steady state GDP per capita being lower than that of Qatar.)
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Which of the following is the most likely explanation for the
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