If the Real Outputs Per Capita of a Rich Nation

question 68

True/False

If the real outputs per capita of a rich nation and a poor nation grow at the same percentage rate,
the absolute income gap between the two nations will shrink.

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Definitions:

Consent

Agreement, approval, or permission as to some act or purpose, given voluntarily by a competent individual.

Capital Contribution

The act of providing financial assets, such as money or property, to a partnership or company by its owners or members.

Share Losses

The decrease in the value of an individual's or entity's investment in stock or shares, typically reflected in the market price.

Partnership Property

Assets or property acquired by a partnership that are used in the business and owned collectively by the partners.