Which of the Following Statements Is True

question 27

Multiple Choice

Which of the following statements is true?

• A) Countries all have the same growth rate and level of output because any country can obtain the same factors of production.
• B) Countries have great variance in both the level and growth rate of GDP/person; thus, poor countries can become relatively rich over time.
• C) Countries may have a different level of GDP/person but they all grow at the same rate.
• D) Countries may have a different growth rate but they all have the same level of GDP/person.

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Definitions:

Tornado

A violently rotating column of air that is in contact with both the surface of the Earth and a cumulonimbus cloud or, in rare cases, the base of a cumulus cloud.

Customer Demand

The desire and willingness of consumers to purchase goods and services at a given price and time.

Period Of Calm

A time interval characterized by peace, stability, or a lack of disturbance.

Exclusionary Persona

This term might refer to a marketing strategy that defines the ideal customer by also specifying who is not the target or fit for a product or service. However, it's not a widely recognized term in its specified form.