When a Nation Has Very Little GDP Per Capita

question 35

Multiple Choice

When a nation has very little GDP per capita,

• A)it is doomed to being relatively poor forever.
• B)None of these answers.
• C)an increase in capital will likely have little impact on output.
• D)it has the potential to grow relatively quickly due to the "catch-up-effect."
• E)it must be a small nation.

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Definitions:

Vicarious Reinforcement

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Manipulating

In psychology, refers to influencing or controlling others in a skillful but often unfair or deceitful way.

Self-efficacy

A rephrased definition: The confidence in one's own ability to achieve desired outcomes through one's actions.

Life Events

Significant occurrences or changes in a person's life that can have a profound impact on their behavior and mental health.