In the past 30 years, both China and India have had substantial economic growth:

Question

Quizplus · Accepted Answer

While China and India have had substantial economic growth in the past 30 years, it is not accurate to say that they are almost as rich as the United States today (option A). Instead, as per the World Bank data, China only now matches the level of income in the U.S. in 1900, and India is still poorer than the United States was in 1900, indicating that they have a long way to go to catch up with the current standard of living in the United States. Additionally, the growth was not fuelled by both countries' increases in consumption (option C) or because of their relatively low levels of saving (option D).

In the Past 30 Years, Both China and India Have