Income per capita in the poorest countries of the world is just five percent of the U.S. These differences in income are most due to. Differences in capital per worker Differences in education per worker Differences in total factor productivity Differences in the costs of energy across countries We do not have enough information

Principles of Economics, 7th Edition (MindTap Course List)
7th Edition
ISBN:9781285165875
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter25: Production And Growth
Section: Chapter Questions
Problem 2QCMC
icon
Related questions
Question
Income per capita in the poorest countries of the world is just five percent of the U.S. These differences in income are most due to.
O Differences in capital per worker
O Differences in education per worker
O Differences in total factor productivity
O Differences in the costs of energy across countries
O We do not have enough information
Transcribed Image Text:Income per capita in the poorest countries of the world is just five percent of the U.S. These differences in income are most due to. O Differences in capital per worker O Differences in education per worker O Differences in total factor productivity O Differences in the costs of energy across countries O We do not have enough information
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Industrial Development
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Principles of Economics, 7th Edition (MindTap Cou…
Principles of Economics, 7th Edition (MindTap Cou…
Economics
ISBN:
9781285165875
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Principles of Macroeconomics (MindTap Course List)
Principles of Macroeconomics (MindTap Course List)
Economics
ISBN:
9781285165912
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
MACROECONOMICS
MACROECONOMICS
Economics
ISBN:
9781337794985
Author:
Baumol
Publisher:
CENGAGE L
Principles of Economics 2e
Principles of Economics 2e
Economics
ISBN:
9781947172364
Author:
Steven A. Greenlaw; David Shapiro
Publisher:
OpenStax
Economics:
Economics:
Economics
ISBN:
9781285859460
Author:
BOYES, William
Publisher:
Cengage Learning