If country X has a higher capital per person than country Y,then ________.
A) country X is richer than country Y
B) the only way for country X to be richer than country Y is if X is just as productive (has the same TFP) as Y
C) the only way for country Y to be richer than country X is if Y is more productive (has a higher TFP) than X
D) the only way for country X to be richer than country Y is if X is less productive (has a lower TFP) than Y
E) none of the above
Correct Answer:
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