-Refer to Exhibit 6-3

question 110

Multiple Choice

-Refer to Exhibit 6-3.Prices changed by ___________ percent between year 2 and year 3.

• A) 1.6
• B) 2.2
• C) 1.9
• D) 2.3
• E) 2.7

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Definitions:

Convergence Theory

The hypothesis that poorer economies will tend to grow at faster rates than wealthier economies, leading to a convergence of income levels over time.

Developing Countries

Nations with lower levels of industrialization, lower standards of living, and lower Human Development Index ratings compared to developed countries.

Reliable Source

A credible or trustworthy origin of information or data, often used in research or decision-making.

Source of Electricity

Any process or system that produces electric power, including fossil fuels, nuclear power, and renewable sources like solar, wind, and hydroelectric power.