Economic growth rates in follower countries:
a. tend to be lower than in leader countries be...
Business, 16.10.2019 02:00 reneewilliams20
Economic growth rates in follower countries:
a. tend to be lower than in leader countries because labor forces in follower countries are too small.
b. tend to exceed those in leader countries because followers can cheaply adopt the new technologies that leaders developed at relatively high costs.
c. will never bring real gdp per capita up to the same levels as in leader countries, even if follower growth rates are greater than those in leader countries.
d. typically average about 2 percent per year.
Answers: 1
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