a. Considering the determinants of productivity, list and explain some things that would tend to prohibit or limit a poor country’s ability to catch up with rich ones. b. Economist believe there is a...

a. Considering the determinants of productivity, list and explain some things that
would tend to prohibit or limit a poor country’s ability to catch up with rich ones.
b. Economist believe there is a strong correlation between productivity and the standard of
living? Discuss.
[HINT: In your answer be sure to explain what productivity and standard of living mean.
Make a list of things that determine labour productivity and explain how each of them have
an impact on the standard of living.]