Which of the following is correct?
A)Countries with the highest growth rates over the last 120 years are the ones that had the highest level of real GDP 120 years ago.
B)Most countries have had little fluctuation around their average growth rates during the past 120 years.
C)The ranking of countries by income changes little over time.
D)Even though Japan had a higher growth rate of real GDP per person than the United States over the last 120 years, it's level of real GDP per person is less than that of the United States.

Question

Quizplus · Accepted Answer

The correct answer is D because Japan's rapid economic growth, especially in the post-World War II era, allowed it to catch up significantly with more developed economies like the United States. However, despite this high growth rate, Japan's level of real GDP per person remains lower than that of the United States, reflecting the substantial economic lead the U.S. had at the beginning of this period and differences in population growth, among other factors.

Which of the Following Is Correct