Examlex
All of the following make up the key elements of obtaining an informed refusal EXCEPT one. Which one is the EXCEPTION?
Poor Countries
Nations with low levels of economic activity, low per capita income, and generally low standards of living.
Catch-Up Effect
The property whereby countries that start off poor tend to grow more rapidly than countries that start off rich
Economic Growth Rates
The percentage increase in the market value of the goods and services produced by an economy over time, typically measured on an annual basis.
Saving Rate
The proportion of disposable income that is saved rather than spent on consumption of goods and services.
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