Multiple Choice
Assume a DVC has a real per capita output of $1,000 as compared to $20,000 for an IAC. If both nations realize a 4 percent growth of their real per capita outputs, after one year the absolute real per capita output gap will
A) remain unchanged at $19,000.
B) increase by $760.
C) decrease by $1,000.
D) increase by $19,760.
Correct Answer:
Verified
Correct Answer:
Verified
Q49: Suppose that the average annual rate of
Q88: Why do developing nations often have low
Q98: From the years, 1990 to 2015, the
Q104: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8602/.jpg" alt=" Refer to the
Q105: At the present time, the largest percentage
Q106: What is capital flight?
Q107: Development experts are less enthusiastic than they
Q165: Which of the following countries had the
Q217: A major criticism of foreign aid to
Q268: All developing countries suffer from a critical