As all available statistics show us, because the average annual population growth is 1.4 percent higher in developing countries than in industrial nations, economic growth is lower in low-income countries
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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Labor productivity is
a. real GDP per hour of labor times the number of people. b. real GDP per hour of labor. c. real GDP per hour of labor times the hours of work. d. the rate of change in real GDP per hour of labor.
Economics
Define productive efficiency. Does productive efficiency imply allocative efficiency? Explain
What will be an ideal response?
Economics