One Reason That a Poor Nation Remains Poor Over Time

question 89

Multiple Choice

One reason that a poor nation remains poor over time is that even though total national real GDP grows,

• A) c and e.
• B) c, d, and e.
• C) it is too small to begin with.
• D) the growth rate is smaller than the growth rate of industrialized nations.
• E) it does not grow faster than population.

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Definitions:

Manufactured

The process of producing goods on a large scale using labor, machines, tools, and chemical or biological processing or formulation.

Domestically Produced

Goods manufactured or harvested within a country's borders.

Trade Surplus

A situation where a country's exports exceed its imports, indicating a positive balance of trade.