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Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364

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BuyFindarrow_forward

Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364
Textbook Problem

Why do you think it is difficult for high-income countries to achieve high growth rates?

To determine

For high-income countries, the reason behind the difficulties faced to achieve high growth rates.

Explanation

One of the major difficulties which are faced by high income countries in attaining the high growth rate is population.

In low and middle income countries, there is sizable amount of population which do...

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