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Corrina is concerned because she learned that her 13-year-old son, Henry, and her 17-year-old son, Hector, were caught drinking. Are either of these teenagers likely to become addicted to alcohol?
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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