Which Statement Best Describes the Relationship Between the Initial Wealth

question 8

Multiple Choice

Which statement best describes the relationship between the initial wealth and the growth rate of a country?

• A) Countries with the highest growth rates over the past 100 years are the ones that had the highest level of real GDP 100 years ago.
• B) Countries that were rich a century ago had little fluctuation around their average growth rates during the past 100 years.
• C) Though the catch-up effect may suggest otherwise,the data show no strong relationship between initial conditions and growth rates.
• D) Over the past century,the United States had the highest real GDP growth rate,and now it has the highest real GDP per person.

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