Based on the information from chapter 2, which statement is accurate?

Multiple choice question for The Meaning and Measurement of Economic Development. Select an option, then review the explanation below.

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The divide between wealthy and poor nations became more distinct during the 1990s.Countries with the highest per capita GNP are always the fastest growing economies.In the 1950s, certain low-income countries such as South Korea and Malaysia experienced much faster growth than some wealthier nations like Uruguay and New Zealand.Currently, all countries classified as high or upper-middle income are located in the Western world.

Explanation

Option C is correct because, during the 1950s, some poorer countries like South Korea and Malaysia expanded their economies at a quicker pace compared to some richer countries such as Uruguay and New Zealand. The other statements are inaccurate: the economic gap did not necessarily become clearer in the 1990s (A), high per capita GNP does not guarantee the fastest growth (B), and not all high or upper-middle income countries are Western (D).

Practice related questions from the same subject.

Based on the information from chapter 2, which statement is accurate?

Explanation

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