Which of the following statements is correct?
A)In 1870,real income per person was higher in the United States than in any other country at that time.
B)Over about the last 100 years India experienced significantly higher growth of real income per person than did the United States.
C)Over about the last 100 years the United States experienced significantly higher growth of real income per person than did Japan.
D)None of the above are correct.

Question

Quizplus · Accepted Answer

In 1870, the United States did not have the highest real income per person; countries like the UK were wealthier. Over the last 100 years, Japan experienced rapid economic growth, especially post-WWII, surpassing the growth rate of the US. India's growth has been slower compared to the US over the last century.

Which of the Following Statements Is Correct