Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

If high growth rates in a country are not a result of technological progress, how are growth rates in the country expected to change over

If high growth rates in a country are not a result of technological progress, how are growth rates in the country expected to change over time?

A) Without technological progress, the high growth rates cannot be sustained.

B) Agricultural workers will continue to expand their productivity, thereby allowing the country to achieve growth rates above those of higher-income countries.

C) As long as the amount of capital per worker continues to expand, the growth rate will continue to rise at an increasing rate.

D) As long as property rights are secured, the growth rate will continue to rise, despite a lack of technological progress.

E) As long as the labor force participation rate is rising, growth can still continue, despite a lack of technological progress.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Global Development And The Environment Perspectives On Sustainability

Authors: Joel Darmstadter

1st Edition

1317335686, 9781317335689

More Books

Students also viewed these Economics questions

Question

An improvement in the exchange of information in negotiations.

Answered: 1 week ago

Question

1. Effort is important.

Answered: 1 week ago