Why do some countries have a low real per capita income, Macroeconomics

Assignment Help:

Why do some countries have a low real per capita income?

Low real per capita income considers being largely due low productivity (i.e., output per worker) of low valued added products.

Low productivity is the consequence of:

• Low skill as well as educational levels along with

• Restricted access to inefficient complementary factors for example, outdated capital and poor management.

Related Discussions:- Why do some countries have a low real per capita income

How do countries grow economic growth, How do countries grow Economic growt...

How do countries grow Economic growth? Economic growth is attaining by increasing: • Quantity of resources by investment • Quality of resources by training as well as R

Survey of household spending, In 2007, based upon the Survey of Household S...

In 2007, based upon the Survey of Household Spending of 2005, Statistics Canada announced the following weights for the major spending categories tracked by the CPI.

Ricardo Viner Model, How does the Ricardo Viner diagram react when once pri...

How does the Ricardo Viner diagram react when once price changes, effects on real wages, and labor allocation?

Crowding out is associated, Crowding out is associated with: A. an increase...

Crowding out is associated with: A. an increase in business investment resulting from an increase in government borrowing and higher interest rates. B. an increase in private savin

Filbert and lychee have convex, Filbert and Lychee have convex indifference...

Filbert and Lychee have convex indifference curves. Note Filbert is indifferent between baskets (3, 2) and (4, 1)--these are x, y coordinates. Lychee is indifferent between baskets

RELATIVE INCOME HYPOTHESIS, RATCHET EFFECT

RATCHET EFFECT

Forex, what is largest business in thailand

what is largest business in thailand

Nation of tigerland imported goods, Last year, the nation of Tigerland impo...

Last year, the nation of Tigerland imported goods totaling $500 million and exported products totaling $386 million. Tigerland experienced a(n).

Variables are discrete, Which of these variables are discrete and which are...

Which of these variables are discrete and which are continuous random variables? a) The number of new accounts established by a salesperson in a year. b) The time between customer

Find the compensating variation , Joe has preferences over pizza (p) and be...

Joe has preferences over pizza (p) and beer (b) given by U = pb. The marginal utilities are MU p = b and MU b = p, and Joe's income is I = 60. 1. Find Joe's optimal consumptio

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages