Numerous studies indicate a direct link between the ____ rate of a country and its capability for rapid economic growth. Multiple Choice currency exchange literacy birth voting tax
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Explain the correlation between age structure and the level of economic development observed in many countries. a. There is no correlation between the characteristics of age structures and the level of economic development. b. Countries that are more economically developed tend to have fewer middle-aged individuals and more young individuals than undeveloped countries. c. A larger ratio of very young individuals to very old individuals characterizes the age structures of countries with the highest economic development. d. Age structures of economically undeveloped countries show greater proportions of children and fewer proportions of elderly people.
The catch-up effect says that countries with low income can grow faster than countries with higher income. However, in statistical studies that include many diverse countries we do not observe the catch-up-effect unless we control for other variables that affect productivity. Considering the determinants of productivity, list and explain some things that would tend to prohibit or limit a poor country's ability to catch up with the rich ones
Andrew D.
The catch-up effect says that countries with low income can grow faster than countries with higher income. However, in statistical studies that include many diverse countries we do not observe the catch-up-effect unless we control for other variables that affect productivity. Considering the determinants of productivity, list and explain some things that would tend to prohibit or limit a poor country's ability to catch up with the rich ones.
Manasvee S.
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