Which of the Following Is a True Statement Regarding the Economic

question 2

Multiple Choice

Which of the following is a true statement regarding the economic growth model's predictions and how it actually affects the real world?

• A)The growth model predicts that poor countries should catch up with rich countries,but developing countries are not catching up to lower-income industrialized countries as a group.
• B)The growth model predicts that poor countries will never catch up with rich countries,but lower-income industrialized countries are catching up to higher-income industrialized countries as a group.
• C)The growth model predicts that poor countries will catch up with rich countries,but lower-income industrialized countries are not catching up to higher-income industrialized countries as a group.
• D)The growth model predicts that poor countries will catch up with rich countries,and this is what we observe across all developmental categories of countries.

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Definitions:

Experience Seeking

The pursuit of new, varied, complex, and intense sensations and experiences, often characterized as a personality trait associated with openness to new experiences.

Internally Oriented

Focused on one's inner thoughts, feelings, and experiences as opposed to being influenced by external circumstances or opinions.

External Locus

A belief system where an individual attributes their successes and failures to external factors and influences rather than their own efforts.

Control

The power to influence or direct people's behavior or the course of events, often studied as a trait that contributes to psychological well-being when effectively balanced.