# Which of the following statements is true ? with Answer - Economics Mcqs | TestPrep

> Solved MCQ: Which of the following statements is true ? Correct Answer: B. Countries have great variance in both the level and growth rate of GDP/person thus poor countries can become relatively rich over time. Verified answer explanation for FPSC, PPSC, MDCAT, NTS, and CSS competitive exam preparation.

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# Which of the following statements is true ?

Direct Answer & Quick Reference

The correct option is **B. Countries have great variance in both the level and growth rate of GDP/person thus poor countries can become relatively rich over time**.

A. Countries all have the same growth rate and level of output because any country can obtain the same factors of production

B. Countries have great variance in both the level and growth rate of GDP/person thus poor countries can become relatively rich over time **(Correct Answer)**

C. Countries may have different level of GDP/person but they all grow at the same reate

D. Countries may have a different growth rate but they all have the same level of GDP/person

✨ Explain with AI

Verified Key: B. Countries have great variance in both the level and growth rate of GDP/person thus poor countries can become relatively rich over time
Solved by 5,261+ students

Verified against official examination board answer keys and standard curriculum textbooks.

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*Source: https://test-prep.blog/mcq/which-of-the-following-statements-is-true-3f2e4559-eb66-408f-a854-eac37ceaac6b*
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