In 1820, Mexico Had a Higher Real GDP Per Capita

question 136

Multiple Choice

In 1820, Mexico had a higher real GDP per capita than did Japan. Yet now Japan is one of the richest countries in the world and Mexico is poor. Japan's high rate of economic growth can likely NOT be explained by a high:

• A) investment in physical capital.
• B) investment in human capital.
• C) investment in technological progress.
• D) level of government interference.

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Definitions:

Emotional Distress

A legal claim for damages that arise from suffering severe anguish or trauma, not necessarily accompanied by physical harm.

Restatement

A rewritten or revised statement that clarifies, updates, or explains legal principles or statutes, often used to consolidate and simplify legal understanding.

Outrageous

Behavior or actions that are shocking, excessive, or beyond the bounds of decency or acceptable standards.

Libel

A written or published false statement that is damaging to a person’s reputation; a form of defamation.