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  • 29-09-2020
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Which region was more wealthy because of its resources? Why?

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Kenma385
Kenma385 Kenma385
  • 29-09-2020

Answer:

Because GDP per capita is simply GDP divided by the population, ... And, there are poor people in very wealthy countries. ... factors (specifically the productivity of labor and capital resources), which is called total factor productivity (TFP). ... A higher rate of economic growth means more goods are produced

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