Which of the following characterises the economic growth for OECD countries since 1950?

Question

Quizplus · Accepted Answer

Since 1950, OECD countries have experienced significant economic growth, leading to a large increase in both standard of living and output per person. Additionally, there has been a convergence of output per person across countries, which has contributed to more economic equality among OECD nations. Therefore, all of the above choices are correct.

Which of the Following Characterises the Economic Growth for OECD