The countries with the lowest output per person:
A) are rich with physical capital, but have little human capital.
B) may or may not be poor in human capital, depending on whether the exchange rate or purchasing power parity method is used for comparison.
C) have low living standards in spite of relatively high levels of both human and physical capital.
D) are rich with human capital, but have little physical capital.
E) are poor in both human and physical capital.
Correct Answer:
Verified
Q1: Suppose, due to the effects of a
Q2: Suppose there are two countries that are
Q3: Assume zero population growth and zero technical
Q4: Suppose an economy experiences a 6% increase
Q6: Suppose the saving rate is initially greater
Q7: Based on our understanding of the growth
Q8: Suppose the saving rate is initially less
Q9: With the presence of technological progress, for
Q10: If endogenous growth models are correct, a
Q11: Assume that technological progress does not occur.
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