Business

Hezekiah Arnold

27 December, 10:25

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.