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    Macroeconomics Study Set 9
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    Exam 7: The Standard of Living Over Time and Across Countries
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    Countries with a Low Standard of Living Have Low Levels
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Countries with a Low Standard of Living Have Low Levels

Question 62

Question 62

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Countries with a low standard of living have low levels of total factor productivity.List five reasons that account for the low levels of total factor productivity.

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1.lack of investment in research and dev...

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