If a country achieves a rapid increase in per capita income by discovering new oil reserves,it is experiencing:
A) growth but not development.
B) development but not growth.
C) both growth and development.
D) neither growth nor development.

Question

Quizplus · Accepted Answer

Discovering new oil reserves and achieving a rapid increase in per capita income can lead to economic growth but it may not necessarily result in overall development, as it may not lead to improvements in social indicators such as education, healthcare, and infrastructure. Therefore, option A is the best choice.

If a Country Achieves a Rapid Increase in Per Capita