Convergence of Output Per Capita Across Countries Has Come from

question 20

Multiple Choice

Convergence of output per capita across countries has come from

• A)a convergence of saving rates.
• B)a convergence of the accumulation of capital.
• C)higher technological progress from the countries that started behind.
• D)all of the above

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Definitions:

Optimal Quantity

The most efficient, cost-effective or beneficial amount or number of something for a specific purpose or condition.

Replenishment Lead Time

The time interval between placing an order and receiving the goods, critical for inventory management.

Supplier Selection

The process by which firms identify, evaluate, and contract with suppliers.

On-time Performance

A measurement of the ability of a service or supplier to deliver goods or services at the scheduled time.