Solved

If Per Capita GDP in a Richer Country Grows at a Faster

Question 46

Multiple Choice

If per capita GDP in a richer country grows at a faster annual rate than in a poorer country,


A) the gap between their standards of living will close over time as long as the rate of population growth is higher in the poorer country.
B) the gap between their standards of living will close over time.
C) whether the gap in living standards widens or closes over time depends on the absolute size of the relative growth rates.
D) the gap between their standards of living will widen over time.
E) the difference in their living standards will not change over time.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents