Which of the Following Is a Reason for the Very

question 104

Multiple Choice

Which of the following is a reason for the very slow growth in per capita income of the poorest economies?

• A)They have focused on developing new technologies rather than adopting the technologies.
• B)Birth rates in these economies are double than those in the richer countries.
• C)They have focused on the production of export-oriented goods.
• D)The manufacturing sector contributes the most to their national income.
• E)They have invested heavily in human capital.

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Definitions:

Compounded Semi-Annually

Interest calculation method where the interest is added to the principal at half-year intervals, leading to an increase in the amount of subsequent interest.

Compounded Quarterly

Refers to the process where interest is added to the principal amount four times a year at regular quarterly intervals.

RRSP

A Registered Retirement Savings Plan that allows Canadians to save for retirement on a tax-deferred basis.

RRSP

Registered Retirement Savings Plan, a retirement savings and investing vehicle for employees and the self-employed in Canada that offers tax benefits.