Other Things Equal, How Do Relatively Poor Countries Tend to Grow

Other things equal, how do relatively poor countries tend to grow?

A) slower than relatively rich countries; this is called the poverty trap
B) slower than relatively rich countries; this is called the Malthus effect
C) faster than relatively rich countries; this is called the catch-up effect
D) faster than relatively rich countries; this is called the constant-returns-to-scale effect

Correct Answer:

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