International data on the history of real GDP growth rates show that the rich countries get richer and the poor countries get poorer.

Question

Quizplus · Accepted Answer

This statement is false as there have been instances where poor countries have experienced higher growth rates than rich countries, leading to a reduction in the income gap between the two groups. Additionally, some poor countries have also experienced sustained economic growth, resulting in a higher standard of living for their citizens.

International Data on the History of Real GDP Growth Rates