The main cause for the vast differences in per capita GDP levels seen across the globe today is the
A) huge differences in the natural-resource endowments of different countries.
B) major differences in the population sizes of various societies.
C) different starting dates of modern economic growth in different parts of the world.
D) differences in religions that different societies around the world believe in.

Question

Quizplus · Accepted Answer

Different starting dates of modern economic growth in different parts of the world have led to varying levels of development and per capita GDP. Some regions started industrialization and modern economic growth earlier than others, giving them a head start in building their economies and generating wealth. Natural resource endowments and population size can also be contributing factors, but the primary determinant of per capita GDP is the level of economic development achieved through sustained and robust growth. Religion is not a significant factor in determining per capita GDP levels.

The Main Cause for the Vast Differences in Per Capita