(Consider This) the Main Point of the Consider This Box

question 109

Multiple Choice

(Consider This) The main point of the Consider This box about hypothetical countries Slogo, Sumgo, and Speedo is that over several decades, differing

• A)inflation rates create large differences in real GDP per capita.
• B)economic growth rates create large differences in real GDP per capita.
• C)ratios of defense spending to GDP create large differences in real GDP per capita.
• D)unemployment rates create large differences in real GDP per capita.

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Definitions:

Globalization

The way in which corporations or different organizations gain international prominence or commence operations across the globe.

Workforce Ages

Refers to the range of ages within a group of employees or workers, which can affect the dynamics, capabilities, and perspectives within a workplace.

Incremental Change

A method of making changes gradually in small, manageable steps instead of through one large comprehensive shift.

Excise Tax

A tax imposed on specific goods, services, or activities, either as a fixed amount per unit (quantity tax) or as a percentage of the price (ad valorem tax).