Mathematics, 15.10.2019 03:30 stodd9503

Which best describes the growth process from its ultimate to its immediate causes?

a.
incentives → institutions → factors of production → real gdp per capita

b.
institutions → incentives → factors of production → real gdp per capita

c.
factors of production → institutions→ incentives → real gdp per capita

d.
factors of production → incentives→ institutions → real gdp per capita

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Which best describes the growth process from its ultimate to its immediate causes?

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