Which of the Following Statements Is Most Accurate About the Prospects

question 85

Multiple Choice

Which of the following statements is most accurate about the prospects for poorer ("follower") countries catching up with richer ("leader") countries?

• A) Catching up is unlikely to occur because their growth rates are the same on average.
• B) Catching up is unlikely to occur because richer countries tend to grow at a faster rate.
• C) Catching up is possible, but only if growth rates in leader countries fall to zero or become negative.
• D) Catching up is possible, as "follower countries" tend to grow faster than "leader countries."

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Definitions:

Point B

A specific position or location on a graph or diagram, used often in economic models to denote a particular outcome or situation.

Point A

A specific position or location often referenced in economic models or graphs to illustrate a particular scenario or outcome.

Opportunity Cost

The budgetary repercussion of passing on the subsequent top pick when decisions are taken.

Point A

A specific location or position in any defined space or context, often used in diagrams to represent particular points in economic models or graphs.