If the per capita incomes of DVCs (developing countries) grew at the same annual rate as those of IACs (industrially advanced countries), then the absolute income gap between rich and poor nations
Over the years would
A) narrow.
B) widen.
C) stay the same.
D) reverse.

Question

Quizplus · Accepted Answer

If both developing and industrially advanced countries grow at the same percentage rate, the absolute difference in their incomes will increase because the same percentage of a larger number is a larger absolute increase.

If the Per Capita Incomes of DVCs (Developing Countries) Grew