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which of the following about economic growth is true? a. that developed nations are growing rapidly...

which of the following about economic growth is true?

a. that developed nations are growing rapidly and the less developed nations or stagnating

b. most of the countries that have achieved the highest growth rates in the world during the last quarter of a century were classified as LDCs in 1980

c. it is an oversimplification to divide the world into the growing, developed nations in the stagnating, less developed nations

d. both B and C are true

e. all of the above are true

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Answer #1

Option D

Explanation: Most of the countries which were not much developed in the 1980s have achieved the highest growth rates at present. For examples, Inda and China. Also, it is an oversimplification to divide the world in growing, developed and stagnating economies.

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