The main cause of low per capita income is ________.
A)a low level of capital
B)a small workforce
C)low productivity of capital and labor
D)slow growth of capital and labor shares of income
E)none of the above

Question

Quizplus · Accepted Answer

Low productivity of capital and labor is the main cause of low per capita income. If the output per unit of capital and labor is low, then the income per person will also be low. A low level of capital, a small workforce, and slow growth of capital and labor shares of income can all contribute to low productivity, but they are not the main cause.

The Main Cause of Low Per Capita Income Is ________