"Leapfrogging" Refers To

question 22

Multiple Choice

"Leapfrogging" refers to:

• A) the interchangeability of capital and labour in the aggregate production function.
• B) "one- upsmanship" by politicians who use growth statistics to help win elections.
• C) the increased likelihood that a country with very high growth will have a recession, during which some other country will have the highest growth rate.
• D) the tendency for a country's output per capita to catch up to, and then exceed, that of another country.
• E) the typical irregular pattern of growth: rapid in some decades, and almost non- existent in others.

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Definitions:

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