Which of the Following Statements Is True

question 27

Multiple Choice

Which of the following statements is true?

• A) Countries all have the same growth rate and level of output because any country can obtain the same factors of production.
• B) Countries have great variance in both the level and growth rate of GDP/person; thus, poor countries can become relatively rich over time.
• C) Countries may have a different level of GDP/person but they all grow at the same rate.
• D) Countries may have a different growth rate but they all have the same level of GDP/person.

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Definitions:

Alpha Stock

Typically refers to securities that are expected to outperform the market or their sector, based on investment analysis.

Funeral Expenses

Costs associated with burial or cremation and related services, often considered in estate planning and asset distribution.

Executor

An individual or institution appointed to execute the terms of a will, managing the estate of the deceased according to the will's instructions.

Probate Court

A segment of the judiciary system that deals with matters such as the validation of wills, distribution of a deceased person's assets, and guardianships.