The huge differences in standards of living across the many different countries of the world are largely the result of:
A) different rates of economic growth during the last two centuries.
B) different economic growth performances dating back for thousands of years.
C) different rates of population growth.
D) sharp declines in per capita real output in what are now poor countries.

Question

Quizplus · Accepted Answer

Different rates of economic growth during the last two centuries have led to vast disparities in standards of living across countries. Countries that have experienced higher rates of economic growth have seen increases in real per capita income, while those with slower growth rates have been left behind.

The Huge Differences in Standards of Living Across the Many