Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter7: Production And Growth
Section: Chapter Questions
Problem 6PA
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Question
Answer true or false
• Developing countries typically have low real GDP per capita, high birth rates, low education, and low savings rates.
• The money sent home by workers who emigrate from a developing country can benefit the country as a source of foreign exchange, but it can hurt the country if the most skilled and educated professionals are leaving.
• As incomes rise there tends to be a shift of labor from the services sector to the industrial sector.
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