Solved

If a Rich Country Grows at a Faster Rate Than

Question 64

Multiple Choice

If a rich country grows at a faster rate than a poor one, then


A) the difference in their living standards will not change over time.
B) the gap in their standards of living will widen over time.
C) the gap in their standards of living will close over time.
D) Whether or not the living standards gap widens or closes over time depends on the absolute size of the relative growth rates.

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