International Data on the History of Real GDP Growth Rates

question 3

True/False

International data on the history of real GDP growth rates shows that over the last 120 years or so, rich countries got richer and poor countries got poorer.

---

Definitions:

Ontologies

Formal representations of knowledge within a domain, structured in a way that enables understanding and reasoning about the entities and their interrelations within that domain.

Idiographic Approach

A research approach focusing on understanding the unique aspects of individual cases or entities rather than seeking generalizable truths.

Objectively Measurable

Capable of being measured or quantified through unbiased methods or criteria.

Null Hypothesis

A statement in statistical hypothesis testing that assumes there is no significant difference or association between specified populations, any observed difference being due to sampling or experimental error.