Statistics Indicate That Over Half of the World Output Now

question 106

Multiple Choice

Statistics indicate that over half of the world output now comes from emerging markets.This is leading to a(n) ________ of living standards across the globe and is changing the face of business.

• A) divergence
• B) convergence
• C) expansion
• D) contraction

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Definitions:

Average Rate

A calculation to find the central or typical value of a set of rates or amounts.

Profitability

The ability of a firm to earn income.

Cash Inflows

Money or other assets that come into a company or economy, often from sales, investments, financing, and other sources.

Cash Payback Period

The duration required for an investment to generate cash flows sufficient to recover the initial outlay or cost.