Multiple Choice
If South Korea's steady-state GDP per worker is higher than that of the Philippines, you might conclude that ________, ceteris paribus.
A) the investment rate in South Korea is higher than in the Philippines
B) South Korea is less productive than the Philippines
C) the depreciation rate in South Korea is higher than in the Philippines
D) South Korea has a larger population
E) None of these answers is correct
Correct Answer:
Verified
Correct Answer:
Verified
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