Real per capita GDP
A) grows at approximately the same rate for all countries.
B) was much more equal across nations in 1820 than it is today.
C) has been about 20 times higher in the richer nations than the poorer nations for about 2,000 years.
D) grows much faster in "leader countries" than in "follower countries."

Question

Quizplus · Accepted Answer

Real per capita GDP was much more equal across nations in 1820 than it is today. This is because the industrial revolution and other technological advances allowed some countries to experience much faster economic growth than others, leading to greater disparities in income and wealth between nations.

Real Per Capita GDP