In the following diagram, what trend is being explained? 4.0 n 3.5 20 1.5 1.0 0.

Question

In the following diagram, what trend is being explained? 4.0 n 3.5 20 1.5 1.0 0.5 10 20 50 70 90 100 Real GDP per Cepita (U.S.-100 As countries' per capita incomes increase, the gap between a PPP measure of their GDP and a measure of ,) that same GDP,using standard exchange rate conversion, becomes smaller, due to their increasingly higher As countries' per capita incomes increase, the gap between a PPP measure of their GDP and a measure of o b) that same GDP,using standard exchange rate conversion, becomes smaller, due to their increasingly lower cost of labor. As countries' per capita incomes increase, the gap between a PPP measure of their GDP and a measure of c) that same GDP, using standard exchange rate conversion, becomes smaller, due to their increasingly higher cost of labor. As countries per capita incomes increase, the gap between a PPP measure of their GDP and a measure of that same GDP, using standard exchange rate conversion, becomes larger, due to their increasingly lower cost of labor d)

Explanation / Answer

Answer:

Part (d) is right answer.

Explaination:

As shown by above diagram the trend of points ploted is negatively sloped. It shows that when one variable changes in one direction other variable changes in other direction making the gape between two wider.

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