Which of the following is not correct?
A)Across countries there are large differences in the average income per person. These differences are reflected in large differences in the quality of life.
B)With a growth rate of about 2 percent per year, average income per person doubles about every 35 years.
C)The ranking of countries by average income changes very little over time.
D)In some countries real income per person has changed very little over many years.

Question

Quizplus · Accepted Answer

While there are fluctuations in rankings, the general trend is for higher income countries to maintain their positions at the top of the rankings. However, the ranking of countries by average income can change over time due to various factors such as economic growth, changes in exchange rates, and government policies. Therefore, statement C is not entirely correct.

Which of the Following Is Not Correct