The Economic Theory That States That as Time Passes, Economic

question 82

Multiple Choice

The economic theory that states that as time passes, economic systems become much more similar, with common rates of growth, common employment levels and common rates of inflation is known as

• A)divergence theory
• B)parallel path theory
• C)convergence theory
• D)non-competing economic systems theory
• E)static state theory

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Definitions:

Age Distribution

The frequency of different ages or age groups in a given population.

Estimate

A value calculated from sample data that is used to indicate the value of a population parameter.

Proportion

A statistical measure that represents the fraction of the total number of objects in a particular category relative to the total number of objects in all categories.

Observational Study

A type of study where researchers observe subjects in their natural environment without manipulating variables.