Which of the following can explain why some countries have not experienced relatively high growth rates in real GDP per capita despite relatively low initial levels of real GDP per capita?
A)Many of these developing countries do not have a functioning court system that can enforce laws.
B)Countries that are relatively poor are more likely to experience wars and revolutions.
C)Countries that are relatively poor are likely to have a lower quality of health care.
D)all of the above

Question

Quizplus · Accepted Answer

All of the given options can contribute to why some countries have not experienced high growth rates in real GDP per capita despite low initial levels of real GDP per capita. A lack of a functioning court system can deter foreign investment and slow economic growth. Wars and revolutions can lead to destruction of infrastructure and businesses, hindering economic growth. Poor health care can lead to a smaller and less productive workforce, also hindering economic growth.

Which of the Following Can Explain Why Some Countries Have