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Question #47414

When a national has very little GDP per person ?

Options:

A) it is doomed to being relatively poor forever

B) none of these answers

C) an increase in capital will likely have little impact on output

D) it has the potential to grow relatively quickly due to the “catch-up-effect”

E) E. It must be a small nation.

Answer: When a national has very little GDP per person it has the potential to grow relatively quickly due to the “catch-up-effect”.

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