Even small differences in growth rates can result in significant gaps in GDP between two countries over the long run.

Question

Quizplus · Accepted Answer

This is true because even a small difference in growth rates over a long period of time can compound and result in a significant gap in GDP between two countries. This is known as the "growth gap" or "income gap" and can have important implications for economic development and international trade.

Even Small Differences in Growth Rates Can Result in Significant