Answered

The 2003 Iraq War destroyed large amounts of capital. Later, insurgent activity
continued to destroy capital and created instability in the government. Today, hostilities
have waned and the government has become more stable. According to the Solow
growth model, over the next few years we would expect to see growth rates in Iraq
_____ those of high-income countries with similar institutions, followed by growth rates
that are _____ the growth rates in those countries.

A) higher than; much higher than
B) lower than; similar to
C) higher than; similar to
D) similar to; lower than

Answer :

sadddamkashmiri801

Answer:

Option C Higher than high income countries and similar to th growth rates in those countries.

Explanation:

The reason is that the country is attracting investments, the oil exports are growing, economy is stable, crime rate is dropping down and the terrorism is also under control. This makes the country attractive for foreign direct investments. The greater the foreign investment the greater would be the employment opportunities in the country.

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