ECO121_-_SP_2024_-_B3W_-_FE_1948.webp
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ECO121_-_SP_2024_-_B3W_-_FE_1948.webp

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Which of the following is true with the catch-up effect?
A. After World War II the United States had lower growth rates than war-ravaged European countries.
B. Although the United States has a relatively high level of output per person, its growth rate is rather modest compared to some countries.
C. All of the answers are correct.
D. The United States had a higher growth rate before 1900 than after.


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