In 1820, Mexico had a somewhat higher real GDP per capita than Japan, but today Japan's is higher than Mexico's.

Question

Quizplus · Accepted Answer

Japan underwent rapid economic growth and development in the late 19th and 20th century, while Mexico experienced political instability, economic crises, and other challenges that limited its economic growth. As a result, Japan's real GDP per capita surpassed Mexico's by the mid-20th century and has continued to grow at a faster rate, leading to its current higher level.

In 1820, Mexico Had a Somewhat Higher Real GDP Per