Business, 26.11.2019 21:31 tajonae04

Suppose two countries, country a and country b, have a similar real gdp per capita. country a has an average economic growth rate of 2% and country b has an average economic growth rate of 3.3%. in the long run, what can we predict about living standards in the two countries?
a. country a's living standards will increase much more rapidly in the long run.
b. country b's living standards will increase much more rapidly in the long run.
c. growth rates are not related to living standards.
d. the countries wil experience similar increases in their living standards.

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Suppose two countries, country a and country b, have a similar real gdp per capita. country a has an...

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