Question

A. what way have poor countries benefited from our economic growth. Spillovers They have not benefited;...

A. what way have poor countries benefited from our economic growth.

Spillovers

They have not benefited; we exploit their resources.

Foreign Aid

Trade barriers

B. Real GDP can increase by: (Not D)

Greater production

Price Increases

Both A & B

Neither A & B

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Answer #1

A. Spillovers

Explanation: Spillover takes place when economic growth in one country benefit other countries in the form of higher exports and other means. Poor countries often get benefitted in the form of spillovers when there is economic growth in rich countries.

B. Greater production

Explanation: Real GDP is not affected by changes in the price. Real GDP increases when there is an increase in the quantity of goods or services produced.

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