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Assume that two economies made same investments in 2023 but economy A productivity grew by 6% and economy B productivity grew only by 2%. Based
Assume that two economies made same investments in 2023 but economy A productivity grew by 6% and economy B productivity grew only by 2%. Based on this information which statement sounds accurate? Economy A can be considered as poor country that is catching-up therefore, is able to achieve higher economic growth rate. Economy B can be considered as poor country that is catching-up therefore, has a lower economic growth rate. Economy A can be considered as rich country that is catching-up therefore, is able to achieve higher economic growth rate. Economy B can be considered as rich country that is catching-up therefore, has a lower economic growth rate
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