Explain how the absolute per capita income gap between rich and poor nations might increase, even though

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Explain how the absolute per capita income gap between rich and poor nations might increase, even though per capita income (or output) is growing faster in DVCs than in IACs.

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Microeconomics Principles, Problems and Policies

ISBN: 978-1259450242

20th edition

Authors: Campbell R. McConnell, Stanley L. Brue, Sean Masaki Flynn

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Question Posted: Apr 24, 2018 01:46 AM

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Explain how the absolute per capita income gap between rich and poor nations might increase, even though

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Because base incomes are so much higher in IACs than in DVCs slower growth as a proportion o...View the full answer

Microeconomics Principles, Problems and Policies

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