Which of the following statements is true ?

Question

TuteeHUB · Accepted Answer

Countries may have different level of GDP/person but they all grow at the same reate

TuteeHUB · Answer

Countries all have the same growth rate and level of output because any country can obtain the same factors of production

TuteeHUB · Answer

Countries have great variance in both the level and growth rate of GDP/person thus poor countries can become relatively rich over time

TuteeHUB · Answer

Countries may have a different growth rate but they all have the same level of GDP/person

1.	Which of the following statements is true ?
A.	Countries all have the same growth rate and level of output because any country can obtain the same factors of production
B.	Countries have great variance in both the level and growth rate of GDP/person thus poor countries can become relatively rich over time
C.	Countries may have different level of GDP/person but they all grow at the same reate
D.	Countries may have a different growth rate but they all have the same level of GDP/person
Answer» C. Countries may have different level of GDP/person but they all grow at the same reate

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