Which of the following is consistent with the catch-up effect?
a. The United States had a higher growth rate before 1900 than after.
b. After World War II the United States had lower growth rates than war-ravaged European countries.
c. Although the United States has a relatively high level of output per person, its growth rate is rather modest compared to some countries.
d. All of the above are correct.
d
Economics
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The above figure shows the market for hamburger. Which panel shows the effect of a drought in "cattle country"?
A) Figure A B) Figure B C) Figure C D) Figure D
Economics
Explain why the oil price shocks after 1973 made countries unwilling to revive the Bretton Woods system of fixed exchange rates. See also Chapter 19
What will be an ideal response?
Economics