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david fabos david fabos
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5 years ago

Question 1.

In Ansonia, real GDP increased by 9% and the population increased by 9% in 2017. In 2017, Ansonia experienced



▸ economic growth, but not an increase in living standards.

▸ economic growth and an increase in living standards.

▸ no economic growth, but an increase in living standards.

▸ no economic growth and no increase in living standards.

Question 2.

Convergence theory suggests that gaps in national incomes



▸ tend to close over time.

▸ widen over time.

▸ do not seem to change over time.

▸ are irrelevant in global economies.
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
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all is normal
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antheadanthead
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5 years ago
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david fabos Author
wrote...

5 years ago
Thanks
bioc
wrote...

Yesterday
Good timing, thanks!
courtneyrmcd
wrote...

2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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