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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Because base incomes are so much higher in IACs than in DVCs slower growth as a proportion o...View the full answer
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Related Book For
Microeconomics Principles, Problems and Policies
ISBN: 978-1259450242
20th edition
Authors: Campbell R. McConnell, Stanley L. Brue, Sean Masaki Flynn
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