Final answer:
It is more accurate to say that time is faster in weaker gravitational fields. This is due to the effects of time dilation, a concept from General Relativity, which has been confirmed through experiments with atomic clocks.
Step-by-step explanation:
Albert Einstein's General Relativity posits that gravity influences the flow of time. In areas where gravity is stronger, such as near a black hole, time is perceived to move slower. This phenomenon is termed time dilation and has been experimentally confirmed through tests with atomic clocks on Earth and in space. These experiments show that clocks located farther from massive objects, where the gravitational pull is weaker, run faster than those closer to these objects. Therefore, it is more accurate to say that time is faster in areas with a weaker gravitational field rather than saying space is contracted.