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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• Restricted access to inefficient complementary factors for example, outdated capital and poor management.
State the both -Cyclical and Classical unemployment Cyclical unemployment Unemployment because of a recession. Classical unemployment Unemployment because of
factors affecting national income
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