The World Bank tracked the performance of countries that had undergone varying degrees of globalization since the 1960s. Which of the following was a conclusion of the study?
a. The process of globalization widened the gap between rich countries and poor countries.
b. The growth rates of globalizing countries were higher than the growth rates of nonglobalizers.
c. The fraction of the very poor increased in newly globalized economies.
d. Globalization increased income inequality.
e. Unemployment increased in newly globalized countries.
b
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Indicate whether the statement is true or false
Which of the following factors has the most quantitative importance on the oversimplified multiplier formula?
A. It ignores variable imports. B. It ignores price-level changes. C. It ignores income taxes. D. All of these equally affect the oversimplified multiplier formula.