Suppose two countries, country a and country b, have a similar real gdp per capita. country a has an average economic growth rate of 2% and country b has an average economic growth rate of 3.3%. in the long run, what can we predict about living standards in the two countries?
a. country a's living standards will increase much more rapidly in the long run.
b. country b's living standards will increase much more rapidly in the long run.
c. growth rates are not related to living standards.
d. the countries wil experience similar increases in their living standards.

Based on this model, households earn income whenfirms purchasegoods and services in factor markets. suppose eileen earns $575 per week working as an analyst for a-plus accountants. she uses $10 to buy a box of aspirin at pillmart pharmacy. pillmart pharmacy pays clancy $250 per week to work the cash register. clancy uses $125 to purchase tax services from a-plus accountants. identify whether each of the following events in this scenario occurs in the factor market or the product market. event factor market product market eileen earns $575 per week working for a-plus accountants. eileen spends $10 to buy a box of aspirin. clancy spends $125 to purchase tax services from a-plus accountants. which of the elements of this scenario represent a flow from a firm to a household