Which of the following is true concerning the growth record of less developed countries (LDCs) during the last several decades?

Question

Quizplus · Accepted Answer

Option A is true as several African countries are still struggling with poverty and their per capita GDP has either remained stagnant or declined over the years. Option B is false as some LDCs, such as China and India, have seen significant economic growth and have even surpassed the per capita income growth rate of the United States in recent years. Option C is also true as many LDCs, particularly those in Southeast Asia, have experienced rapid economic growth in the past two decades with annual real growth rates of 3.5 percent or more. Therefore, options A and C are correct, making option D the best choice.

Which of the Following Is True Concerning the Growth Record