The Gap in Global Income Differences Between Rich and Poor

question 78

Multiple Choice

The gap in global income differences between rich and poor countries has __________ over the past 50 years.

• A)continued to widen
• B)decreased slightly
• C)decreased significantly
• D)remained stable with basically no change

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Definitions:

Geometric Means

A statistical measure defined as the nth root (where n is the count of numbers) of the product of n numbers, particularly useful in calculating average rates of growth.

Investment

The act of allocating resources, usually money, with the expectation of generating an income or profit.

Variance

Variance is a measure of the dispersion of a set of data points from their mean, indicating how spread out the data points are.

Geometric Mean

A type of mean or average which indicates the central tendency of a set of numbers by using the product of their values.