The United States has had sustained long-run economic growth for over 200 years.It would be impossible for a poor country today to catch up to the United States level of per capita real GDP.

Question

Quizplus · Accepted Answer

While catching up to the United States' level of per capita real GDP would be difficult, it is not impossible. Many countries have undergone rapid economic growth in recent decades and reduced the gap between their GDP per capita and the United States' level. However, it would require significant reforms, investment, and innovation by the catching-up nation.

The United States Has Had Sustained Long-Run Economic Growth for Over