Which of the following is correct?
A) Over the last 100 years Japan had a higher average growth rate than the United States.It follows that the standard of living in Japan is greater than in the United States.
B) The typical person in Bangladesh today has about the same real income as a typical American 100 years ago.
C) The typical citizen of China today has about half as much real income as the typical American today.
D) None of the above is correct.
Correct Answer:
Verified
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