If we consider the per-capita GDP of China and India over the last five decades, we realize that
A) despite vast differences in population growth, both countries' per-capita GDP grew at approximately the same rate
B) while investment in human capital is important for economic growth, so are institutional changes and openness to trade
C) India's growth in per-capita GDP was higher than China's due to more investment in human capital
D) neither country's per-capita GDP grew significantly until the 1990s
E) the difference in growth rates between these countries can largely be explained by the difference in years of schooling
Correct Answer:
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