cording to French economist Thomas Piketty, how does the relationship between the interest rate, r, and the economic growth rate, g, influence the Great Divergence? cording to Simon Kuznets, the decrease in income inequality arises from A. progressive income taxation B. strengthening of labor unions C. market forces in a dynamic economy D. wage and price controls rench economist Thomas Piketty, says that the Great Divergence is a consequence of where r is the interest rate and g is the economic growth rate. OA. rg O D. r=g Click to select your answer.

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Economic Growth

It means the rise in the manufacturing levels of a country’s products/services over a while. It is calculated in terms of the real income of the people of the country. When the production of products/services begins, the manufacturers will hire employees, which in turn raises the income of the people and it will also raise the buying power, this eventually leads to the circulation of money that directly helps in the increase in the Gross Domestic Product (GDP). Thus, GDP is calculated by economists to calculate the growth in the country.