Question

The Organization for Economic Cooperation and Development (OECD) has estimated that the economies of the developed world will expand at much faster rates when compared to the developing economies

A) True, the OECD predicts rapid growth in developed economies
B) False, the OECD anticipates slower growth in developed nations
C) Partially true, the growth rates are expected to equalize over time
D) Misleading, the OECD does not make such predictions about economic growth

Answer 1

The OECD anticipates slower growth in developed nations compared to developing economies.

Step-by-step explanation:

The correct answer is B) False, the OECD anticipates slower growth in developed nations

The Organization for Economic Cooperation and Development (OECD) has estimated that the economies of the developed world will expand at slower rates when compared to the developing economies. This is because the developed economies have already reached a certain level of development and growth, while the developing economies have more room for growth and potential.

For example, countries like the United States, Germany, and Japan have already achieved high levels of per capita income, productivity, and technological advancements. Therefore, their growth rates are expected to be slower compared to developing countries like China and India, where there is still room for catch-up growth.