Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Country C is growing at 3 percent a year, while the economy of Country D is expanding at 5 percent a year. Which of the
Country C is growing at 3 percent a year, while the economy of Country D is expanding at 5 percent a year. Which of the following statements is correct? O a. Eventually resource availability will force both countries to grow at the same rate. O b. Economic growth causes greater inequality so even though D is growing faster than C the people will be worse off. O c. If the rate of technological change in Country C continues to lag behind that in Country D, and nothing else changes, the difference in growth rates can continue indefinitely. O d. The costs of economic growth are so great that the government of D should apply the economic brakes
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started