"Leapfrogging" refers to
A)the typical irregular pattern of growth: rapid in some decades, and almost non-existent in others.
B)the tendency for a country's output per capita to catch up to, and then exceed, that of another country.
C)"one-upsmanship" by politicians who use growth statistics to help win elections.
D)the increased likelihood that a country with very high growth will have a recession, during which some other country will have the highest growth rate.
E) the interchangeability of capital and labor in the aggregate production function.

Question

Quizplus · Accepted Answer

Leapfrogging refers to the phenomenon where a developing country's economy grows at a faster pace than a developed country's, allowing it to catch up and surpass the developed country's output per capita. This can lead to a shift in global economic power.

"Leapfrogging" Refers to