Which of the following is a main conclusion about growth for OECD countries and the four rich countries examined in the chapter?
A)There has been a large increase in the standard of living since 1950.
B)The growth rates have decreased since the mid-1970s.
C)There has been a convergence of output per capita since 1950.
D)all of the above
E) none of the above

Question

Quizplus · Accepted Answer

The main conclusion is that there has been a large increase in the standard of living since 1950, but growth rates have decreased since the mid-1970s, resulting in a convergence of output per capita among OECD countries and the four rich countries examined in the chapter.

Which of the Following Is a Main Conclusion About Growth