Differences in growth rates cannot explain why
A)some countries are wealthier than others.
B)income inequality exists.
C)the convergence hypothesis may hold.
D)the productivity growth rates in China and Japan are converging.

Question

Quizplus · Accepted Answer

Income inequality exists due to various factors such as education, access to resources, and social policies, not just differences in growth rates.

Differences in Growth Rates Cannot Explain Why