If the productivity of capital in low-income nations is substantially lower than productivity in high-income nations, then:
A) output per worker will never catch up to the rich nations, even with access to capital markets.
B) productivity of capital can be improved by better training of workers and more foreign investment.
C) output per worker will grow more slowly, but at some point there will be convergence.
D) the low-income nations will lose their ability to borrow in international markets.

Question

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The Answer of If the productivity of capital in low-income nations is substantially lower than productivity in high-income nations, then:
A) output per worker will never catch up to the rich nations, even with access to capital markets.
B) productivity of capital can be improved by better training of workers and more foreign investment.
C) output per worker will grow more slowly, but at some point there will be convergence.
D) the low-income nations will lose their ability to borrow in international markets.

If the Productivity of Capital in Low-Income Nations Is Substantially