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5.2. Looking at income-per-person, the richest countries in the world have about 40 times the income-per-person than the poorest countries. A rough decomposition suggests
5.2. Looking at income-per-person, the richest countries in the world have about 40 times the income-per-person than the poorest countries. A rough decomposition suggests that a factor of about 2 is associated with capital- per-person, a factor of about 2.2 can be associated with educational differences, and a factor of about 9 can be associated with differences in technology. To what extent can the enormous difference in income-per- person between rich countries and poor countries be explained by poverty traps? Explain your reasoning.
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
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