Which of the following statements is true regarding economic growth and development? O a. The income...

 

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Which of the following statements is true regarding economic growth and development? O a. The income gap between the top 10% and bottom 10% countries has increased over the past few centuries O b. A country's relative position in the world distribution of per capita incomes is immutable O c. The income growth rates of developing countries do not vary much. O d. The growth of world per capita GDP slowed down over the past five centuries Which of the following statements is true regarding economic growth and development? O a. The income gap between the top 10% and bottom 10% countries has increased over the past few centuries O b. A country's relative position in the world distribution of per capita incomes is immutable O c. The income growth rates of developing countries do not vary much. O d. The growth of world per capita GDP slowed down over the past five centuries

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Over the past few hundred years the difference in wealth between the richest and poorest countries has grown for many different reasons One reason for this is that the countries in the top 10 of the l... View the full answer