ECONOMICS
ECONOMIC DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The one variable that stands out as the most significant explanation of large variations in living standards around the world is
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Productivity
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Population
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Preferences
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Prices
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Explanation:
Detailed explanation-1: -Real GDP per person. And the growth rate of real GDP per person vary widely across countries. The one variable that stands out as a the most significant explanation of large variations of living standards around the world. The real GDP grew faster in Oceana than in Fredonia.
Detailed explanation-2: -The one variable that stands out as the most significant explanation of large variations in living standards around the world is : a. productivity.
Detailed explanation-3: -Answer: An independent variable is exactly what it sounds like. It is a variable that stands alone and isn’t changed by the other variables you are trying to measure.
There is 1 question to complete.