Developing countries with low saving rates and poor levels of health and education are likely to experience
A) low rates of growth in real GDP per capita. B) easy access to financial backing from banks.
C) rapid growth in household incomes. D) high levels of foreign direct investment.
A
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Which of the following is the best example of the law of supply?
a) A sandwich shop increases the number of sandwiches they supply every day when the price is increased b) A food producer increases the number of acres of wheat he grows to supply a milling company c) A catering company buys a new dishwasher to make their work easier d) A milling company builds a new factory to process flour to export
If Option A costs $40 and yields 20 units of output, and Option B costs $50 and yields 30 units of output,
A) Option B and Option A are equally economically efficient. B) Option B is economically efficient relative to Option A. C) Option A is economically efficient relative to Option B. D) It is not possible to determine which option is more economically efficient.