How does the income level and growth rate of Ethiopia compare with that of Iran?
A)Both Ethiopia's and Iran's growth rates have declined as their income levels have declined.
B)Ethiopia's growth rate has risen as its income level has declined,while Iran's growth rate has risen as its income level has risen.
C)Both Ethiopia's and Iran's growth rates have declined as their income levels have risen.
D)Ethiopia's growth rate has risen as its income level has declined,while Iran's growth rate has declined as its income level has risen.

Question

Quizplus · Accepted Answer

According to World Bank data, from 2010 to 2019, Ethiopia's annual GDP growth rate has averaged 8.9%, while Iran's has averaged -1.6%. During this same period, Ethiopia's GDP per capita has grown from $383 to $855, while Iran's has grown from $5,388 to $5,551. Therefore, Ethiopia's growth rate has risen as its income level has declined, while Iran's growth rate has declined as its income level has risen.

How Does the Income Level and Growth Rate of Ethiopia