Which of the following factors contributes most to the high per capita incomes in developed nations?
A) high rates of population growth
B) high rates of economic growth
C) low rates of investment
D) low rates of saving

Question

Quizplus · Accepted Answer

High rates of economic growth are the most significant factor in contributing to high per capita incomes in developed nations. This growth often arises from advances in technology, productivity, innovation, and trade that boost the productivity and competitiveness of an economy. High rates of population growth, low rates of investment, and low rates of saving can limit economic growth and reduce per capita incomes.

Which of the Following Factors Contributes Most to the High