International data on the history of real GDP growth rates shows that over the last 110 years or so, rich countries got richer and poor countries got poorer.

Question

Quizplus · Accepted Answer

This statement is false. While it is true that some rich countries have experienced significant economic growth over the past century, many poor countries have also seen great improvements in their economic development and growth rates. In fact, some of the fastest-growing economies today are in developing nations. Therefore, it is inaccurate to make a blanket statement that poor countries have only gotten poorer over time.

International Data on the History of Real GDP Growth Rates