Developing Countries Are Starting to Converge with Developed Countries in the Long

question 16

Multiple Choice

Developing countries are starting to converge with developed countries in the long run in what respect?

• A)Growth rate
• B)Income inequality
• C)Population
• D)Per capita income

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Definitions:

Compensation Costs

Expenses incurred by employers to remunerate employees, including wages, salaries, bonuses, benefits, and any other forms of payment for services rendered.

Slipshod Attempt

A careless or poorly planned effort to accomplish a task, often leading to unsatisfactory or incomplete results.

Human Resource Management

The strategic approach to managing a workforce, including recruitment, selection, training, compensation, and performance management, to optimize productivity and satisfaction.

Performance Decrease

A decline in the efficiency, productivity, or quality of work produced by an individual or group over a period.