Which of the following is a reason for the very slow growth in per capita income of the poorest economies?
A) They have focused on developing new technologies rather than adopting the technologies.
B) Birth rates in these economies are double than those in richer countries.
C) They have focused on the production of export-oriented goods.
D) The manufacturing sector contributes the most to their national income.
E) They have invested heavily in human capital.

Question

Quizplus · Accepted Answer

High birth rates in poor economies lead to a larger population with limited job opportunities, resulting in more people being unable to make a living wage. This, in turn, leads to slow growth in per capita income. The other options are not directly related to the slow growth of per capita income in poor economies.

Which of the Following Is a Reason for the Very