If Two Countries Have the Same Steady-State Levels of Output

question 101

Multiple Choice

If two countries have the same steady-state levels of output, the country that is ______ today will eventually ______ in per capita output.

• A) poorer; lag behind
• B) poorer; catch up
• C) richer; fall behind
• D) richer; be further ahead

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Definitions:

Individualism

A theory that prioritizes individual freedom over the control of groups or the government.

Attributes

Characteristics or qualities that describe an entity, individual, or group.

Team Player

An individual who works well within a group, often putting the team’s goals ahead of personal gains.

Independently

Acting or making decisions without input or influence from others.