One reason why many low income countries experience low rates of growth is

One reason why many low income countries experience

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214) One reason why many low-income countries experience low rates of growth is because of lowrates of saving and investment in those countries.214) Answer:TrueFalse Page Ref: 756/374 Learning Outcome: Macro - 16: Discuss the obstacles to development in developing countries and ways to address those obstacles. 215) As predicted by the economic growth model, countries that start with lower levels of GDP percapita always grow faster than countries that start with higher levels of GDP per capita.215) Page Ref: 748/366 Learning Outcome: Macro - 17: Discuss the fundamentals of key macroeconomic theories. 216) One reason why many low-income countries experience low rates of growth is because of poorpublic education and health.216) Page Ref: 755/373 Learning Outcome: Macro - 16: Discuss the obstacles to development in developing countries and ways to address those obstacles. 217) The purchase of stocks and bonds issued in another country is known as foreign directinvestment.217) Page Ref: 756/374 Learning Outcome: Macro - 16: Discuss the obstacles to development in developing countries and ways to address those obstacles. 218) Of all industrialized nations, real GDP per capita was the highest in Japan in 2014.218) Answer:TrueFalse Page Ref: 751/369 Learning Outcome: Macro - 4: Explain the sources of productivity growth. 51
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SHORT ANSWER. Write the word or phrase that best completes each statement or answers the question. 219) Explain the meaning of the wordʺconvergenceʺin the context of economic growth andstandards of living.219) Page Ref: 747/365 Learning Outcome: Macro - 16: Discuss the obstacles to development in developing countries and ways to address those obstacles. 220) List two ways the labor force experience is different between workers in Europe and inthe United States. How do these differences influence productivity?220) Page Ref: 751 - 752/369 - 370 Learning Outcome: Macro - 4: Explain the sources of productivity growth. 52
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