Think of two reasons why a country with a lower ratio of capital to labor might grow

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Think of two reasons why a country with a lower ratio of capital to labor might grow faster than a country with a higher ratio, and two reasons why it might grow slower.

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Development Economics

ISBN: 9780691017068

1st Edition

Authors: Debraj Ray

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Question Posted: Dec 12, 2023 10:48 PM

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Think of two reasons why a country with a lower ratio of capital to labor might grow

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Two reasons why a country with a lower ratio of capital to labor might grow faster than a country with a higher ratio are 1 Catchup effect Countries w...View the full answer

Development Economics

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