If the Per Capita Incomes of DVCs (Developing Countries) Grew

question 84

Multiple Choice

If the per capita incomes of DVCs (developing countries) grew at the same annual rate as those of IACs (industrially advanced countries) , then the absolute income gap between rich and poor nations
Over the years would

• A) narrow.
• B) widen.
• C) stay the same.
• D) reverse.

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Definitions:

Random Sample

A subset of a population selected in such a manner that every individual has an equal chance of being chosen.

Regression Line

A line of best fit through a scatter plot of data points that shows the linear relationship between two variables.

Linear Regression

A statistical method used to model the relationship between a dependent variable and one or more independent variables by fitting a linear equation to observed data.

Standard Error

A measure of the statistical accuracy of an estimate, indicating the variability of an estimate when different samples are taken from the same population.