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 140 years are the ones that had the highest level of real GDP 140 years ago.
B) Countries that were rich 140 years 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 140 years, the United States had the highest real GDP growth rate, and now it has the highest real GDP per person.
Correct Answer:

Verified
Correct Answer:
Verified
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