According to chapter 2 in the text which of the following is true ?
Correct answer: C. A few poor countries like South Korea and Malaysia in the 1950s grew much more rapidly than some higher-income countries like Uruguay and New Zealand
- A. The boundary between rich and poor countries has become clearer in 1990s
- B. The fastest growing countries must be the ones with the highest per capita GNP
- C. A few poor countries like South Korea and Malaysia in the 1950s grew much more rapidly than some higher-income countries like Uruguay and New Zealand
- D. Today all high and Upper-middle income countries are Western.
Explanation
South Korea and Malaysia experienced rapid growth despite being relatively poor in the 1950s, while higher-income Uruguay and New Zealand grew more slowly. Initial income level does not determine which country will have the fastest subsequent growth.
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