In Order to Promote Growth, the Poorest Countries-In Contrast to the Middle-Level

question 19

Multiple Choice

In order to promote growth, the poorest countries-in contrast to the middle-level and rich countries-need most to:

• A)invest in human capital.
• B)improve their infrastructure.
• C)improve their legal and political environments.
• D)increase their capital stock.

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Definitions:

Contribution

The act of providing something, such as effort, money, or resources, to a common pool or goal.

Real GDP

The measure of a country's economic output that accounts for inflation or deflation, giving a more accurate picture of an economy's size and how it's growing over time.

Used Goods

Items that have been owned and used by someone else before being sold or passed on to another person.

GDP

Gross Domestic Product is the total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period.