Which of the following statements is true?
A) Bangladesh, Indonesia, South Korea, and Ethiopia had the same level of real GDP per capita in 1960 as well as the same rate of economic growth between 1960 and 2005.
B) Bangladesh, Indonesia, South Korea, and Ethiopia had the same rate of economic growth between 1960 and 2005; however, South Korea's and Singapore's levels of real GDP per capita were twice that of Bangladesh and Ethiopia.
C) Indonesia's and South Korea's growth rates between 1960 and 2005 and their level of per capita real GDP in 1960 were twice that of Bangladesh and Ethiopia.
D) Indonesia's and South Korea's growth rates between 1960 and 2005 were much higher than Bangladesh's and Ethiopia's even though the level of real per capita GDP in 1960 was almost the same for all four of these countries.
E) What happened in terms of economic growth to Bangladesh and Ethiopia between 1960 and 2005 did not happen to any other poor countries.
Correct Answer:
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