Which of the Following Statements Is True

question 5

Multiple Choice

Which of the following statements is true?
I. Small differences in rates of economic growth can lead to large differences in levels of potential output over time.
II. From the perspective of the rule of 72, small differences in rates of economic growth between two countries will not significantly affect their respective standards of living.
III. Countries that have higher population growth rates are likely to see higher economic growth rates because increases in population lead to increases in the size of the labor force.

• A) I and III
• B) II and III
• C) I only
• D) II only
• E) III only

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Definitions:

Parasocial Relationship

A one-sided relationship where one party knows a great deal about the other, who is typically a public figure or character, but the latter does not know them.

Interdependence

A mutual reliance among members of a group, where the actions of one member affect the outcomes of others.

Mutuality

A characteristic of relationships in which individuals share common feelings, actions, or relationships, benefiting all involved parties.

Commitment

The state of being emotionally or intellectually devoted to a cause, activity, or relationship.