International data on the history of real GDP growth rates shows that over the last 100 years or so,rich countries got richer and poor countries got poorer.

Question

Quizplus · Accepted Answer

The statement is false. While rich countries generally experienced higher growth rates, many poor countries have also experienced significant economic growth over the past century. Additionally, several former poor countries have transitioned into high-income status due to their economic progress. However, there are also instances of countries experiencing periods of stagnation or decline in economic growth. Therefore, the statement oversimplifies the complex and varied experiences of different countries over time.

International Data on the History of Real GDP Growth Rates