Between 1950 and 2004,standards of living in the OECD countries
A)did not change at all.
B)were converging.
C)all increased at the same rate.
D)decreased at the same rate.
E) decreased, but at different rates.

Question

Quizplus · Accepted Answer

Between 1950 and 2004, standards of living in the OECD countries were converging. This means that countries with lower standards of living were catching up to those with higher standards of living, resulting in a more equal distribution of living standards among OECD countries.

Between 1950 and 2004,standards of Living in the OECD Countries