Question
Which of the following cannot help to explain why many developing economics can have a faster GDP growth rate than in advanced economics? A. Developing
Which of the following cannot help to explain why many developing economics can have a faster GDP growth rate than in advanced economics?
A. Developing economies can adopt the technology developed by the advanced economies so that the productivities of the economy can increase more quickly, while advanced economies rely on research and development to slowly advance the frontier of the technology.
B. The average level of education is relatively low in developing countries and can have room to increase over time, while the average education level in the advanced economies is already high.
C. The population growth rate is generally higher in developing countries than in advanced countries.
D. People are richer to invest more in capital goods in the advanced economies than in developing economies.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started