Which of the Following Is Probably the Least Relevant to a Country's

question 10

Multiple Choice

Which of the following is probably the least relevant to a country's growth rate?

• A) infrastructure such as roads or computer networks
• B) the education of the workforce
• C) new technological inventions
• D) legal restrictions on capital mobility and investment
• E) short-term interest rates

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Definitions:

Living Standards

The degree of riches, convenience, possessions, and basic needs accessible to a particular social economic group or location.

Real GDP Per Person

An economic metric that divides a country's real gross domestic product by its total population, reflecting the average economic output per person, adjusted for price changes.

Sub-Saharan Africa

A geographic area of the African continent that is situated south of the Sahara Desert, characterized by diverse cultures, languages, and ecosystems.

Real GDP Per Person

Real GDP Per Person is a measure of the economic output of a country divided by its population, adjusted for inflation; it’s often used as an indicator of the average standard of living.