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Suppose GDP in a Richer Country Is Growing at the Same

Question 13

Multiple Choice

Suppose GDP in a richer country is growing at the same annual rate as in a poorer country.An implication of these growth rates is that the


A) gap between their standards of living will widen over time.
B) gap between their standards of living will close over time.
C) gap between their standards of living will close over time as long as the rate of population growth is lower in the poorer country.
D) gap between their standards of living will close over time as long as the rate of population growth is lower in the richer country.
E) difference in their living standards will not change over time.

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