As a Rough Approximation, Differences in Capital Per Person Explain

question 31

Multiple Choice

As a rough approximation, differences in capital per person explain about ________ of the difference in incomes between the richest and poorest countries, while differences in ________ explain ________.

• A) one-third; wages; two-thirds
• B) one-third; total factor productivity; two-thirds
• C) one-third; total factor productivity; one-third
• D) one-third; returns to capital; two-thirds
• E) two-thirds; total factor productivity; one-third

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One Year

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