Question: The catch-up effect is the idea that: a. it is easier for a country to grow fast if it starts out relatively rich b. it

The catch-up effect is the idea that:

a. it is easier for a country to grow fast if it starts out relatively rich

b. it is easier for a country to grow fast if it starts out relatively poor

c. savings will always 'catch up' with investment spending

d.other countries aid relatively poor countries so as to 'catch them up'

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