Many LDCs Remain Poor Even Though Their Income Grows Because

Multiple Choice

Many LDCs remain poor even though their income grows because

A) they tend to spend it on human capital instead of on physical capital, such as machinery, factories, and modern technology
B) they prefer services to goods
C) their income was too small to begin with
D) the growth rate is smaller than the growth rate of industrialized nations
E) it does not grow faster than population