Which of the Following About Economic Growth Is True

question 17

Multiple Choice

Which of the following about economic growth is true?

• A) The fastest growing economies in the world (those with annual real growth rates of 3.5 percent or more) are mostly less developed countries.
• B) The fastest growing economies in the world are mostly high-income industrial countries.
• C) The slowest growing countries in the world, many of which are experiencing declines in per capita GDP, are less developed countries.
• D) Both a and c are true.

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Definitions:

Unified Subgroups

Smaller, cohesive groups within a larger group that share common goals or characteristics.

Authority Hierarchies

Authority Hierarchies refer to a system of ranking within an organization or society based on levels of authority or leadership.

Norming Stage

A phase in team development where members resolve conflicts, establish harmony and cohesion, and begin to collaborate more effectively.

Roles

The functions, responsibilities, or expected behaviors associated with a particular position or status in society.