The economic growth model predicts that ▼ rich countries poor countries will grow faster than ▼ rich countries poor countries. Which of the following best explains what is actually happening to real per capita GDPs of countries?
A. Most countries now have similar real per capita GDP levels.
B. Lower-income countries have not caught up to higher-income countries at all.
C. Poor countries are generally catching up with rich countries.
D. Lower-income industrial countries are catching up with higher-income industrial countries.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The economic growth model predicts that ▼ rich countries poor countries will grow faster than ▼ rich countries poor countries. Which of the ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
With a reserve requirement of 5% and required reserves of $10,000, a bank has a total of a. $475,000 in demand deposits. b. $50,000 in checkable deposits. c. $500 in checkable deposits. d. $10,000 in demand deposits. e.
Answers (1)
A small computing center has found that the number of jobs submitted per day to its computers has a mean of 94 jobs and a standard deviation of 10. Where do we expect the number of jobs per day to fall most of the time (95.4%) ?
Answers (1)
Jensen Company has cash proceeds from sales of $8,400. This amount includes $400 of sales taxes. Give the entry to record the proceeds. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)
No Answers
5. For a diversified firm, a corporate-level strategy is concerned with: a) operating each individual business under the corporate umbrella. b) determining how each functional department of the firm will operate.
Answers (1)
In store a, a book that regularly sells for $24.99 is on sale at 15% off. in store b, the same book regularly sells for $27.99 and is on sale at 25% off. which store sells the book for the lower sale price?
Answers (1)
New Questions in Business
True or false fdr was eager to use deficit spending to end the economic crisis.
Answers (1)
If supply increases while demand decreases A. the equilibrium quantity will definitely increase. B. the equilibrium price will definitely decrease. C. the equilibrium quantity will definitely decrease. D.
Answers (1)
To sit next to her mother at a restaurant, diana pushes her little brother mark out of the way. what type of aggression is this?
Answers (1)
Roger Technologies invests $50,000 to acquire $50,000 face value, 8%, five-year corporate bonds on January 2, 2017. The bonds will mature on January 2, 2022. The bonds pay interest semiannually on January 2 and July 2 each year until maturity.
Answers (1)
At the beginning of the year, Sigma Company's balance sheet reported Total Assets of $195,000 and Total Liabilities of $75,000. During the year, the company reported total revenues of $226,000 and expenses of $175,000.
Answers (1)