Q
When a national has very little GDP per person ?
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A
A. It is doomed to being relatively poor forever
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B
B. None of these answers
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C
C. An increase in capital will likely have little impact on output
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D
D. It has the potential to grow relatively quickly due to the “catch-up-effect”
Correct Answer:
D. D. It has the potential to grow relatively quickly due to the “catch-up-effect”
