Differences in size of real GDP across countries are best explained by
A)Population growth.
B)Human capital.
C)Large farming sector.
D)None of the choices are correct.

Question

Quizplus · Accepted Answer

Differences in human capital, such as education levels and skill sets, can lead to differences in productivity and therefore differences in real GDP. Population growth and a large farming sector can have an impact on real GDP, but they are not the best explanations for differences in size across countries.

Differences in Size of Real GDP Across Countries Are Best